
DEFINING FUTURE OPTIONS, is a Portuguese investment, management, and advisory firm for the Environment Sector. Our expertise covers regulation, strategy, PPP framework analysis and development, technical, commercial and economic due-diligence, and organizational design. Our team couples extensive public and private utilities’ management experience with an engineering and economical background in the Water Sector. More info…


Knowledge of the water sector
DEFINING FUTURE OPTIONS stands out for its level of seniority, its knowledge of the water sector, and its experience of managing public and private water utilities.
Extensive experience
DEFINING FUTURE OPTIONS team has extensive experience in project development in the water sector, having collaborated with Governments, Regulators, Municipalities, Utilities, and Multilateral donors worldwide.
Unique advisory positioning
DEFINING FUTURE OPTIONS’ expertise in the water sector comes from acting on the international market, designing strategy and business plans, formulating base cases, advising management, technical and commercial operations’ reforms; supporting the implementation of investment programs, improving network efficiency and quality of service, analysing and setting tariffs, devising regulations and creating solutions for increased efficiency in operations.
International footprint
DEFINING FUTURE OPTIONS has several projects across Europe, Africa and South America water sector, providing advisory services for institutional reforms of public utilities, regulation, PPP design and framework, procurement and Project Management.

Our Services
We provide consulting and advisory services in the Water and Sanitation Sector, Energy Efficiency and Carbon Emissions
Portugal

- 70+ Client Municipalities
- Aggregation of Municipal services into
large regional Utilities
- Advisory to the Regulator, ERSAR
- Technical Assistance to Public Companies
- Establishing and reforming Public and
Private Utilities
- Improve utilities operations
Angola

- Technical Assistance for the establishment
of 7 Provincial Water and Sanitation Utilities, DNA
- Support to Water Sector Reform through a
PPP in Cabinda, Angola
- WASH Public Financing Bottleneck Analysis
Moçambique

- AURA, Mozambican Regulator: Tariff Model
Study and Mechanism of cross subsidies for
poor Sustainability and Strategic Plan 2020-2024
- AIAS, Water and Sanitation Administration:
Transaction Advisory for PPP Model of 130 small towns,
Small Towns Water Infrastructure Fund Feasibility Study
Botswana

Gaborone WWTP and reuse PPP
tariff structure, Botswana
Peru

Advisory in investment planning
and financing capacity to inform
decision-making PPPs, SEDAPAL, Peru
Caribbean

Feasibility analyses for a Mutual for
Caribbean water utility companies,
CWUIC, to insure natural disasters
related risks
Lebanon

Crisis Response Management Plan,
for four Regional Water Establishments,
Lebanon
Albania

Advisory for the design of the
World Bank operation to support
the Albanian Government WSS
modernisation program
Romania

Support the World Bank and the Romanian
Government to outline the National WSS
Strategic Plan and compliance with EU UWWTD
East Europe
Institutional and Governance Advisory
of Portugal WSS experience