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Following a successful pilot project, InfraCo Africa, a part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders’ Agreement and a Loan Agreement with Bonergie Irrigation SAS (Bonergie Irrigation) to proceed supporting the dimensions up of the project.
Under the model new agreements, InfraCo Africa will maintain a big minority shareholding in Bonergie Irrigation, committing a further US$2.4 million to considerably scale up farmers’ entry to prime quality irrigation options in Senegal.
It has long been recognised that reliance upon rain-fed agriculture exposes Senegal’s farmers to the effects of climate change on temperature and rainfall patterns.i In 2019, InfraCo Africa joined with solar gear specialist Bonergie Senegal to determine Bonergie Irrigation, a local Special Purpose Vehicle, to pilot the implementation of over one hundred prime quality Solar Powered Irrigation Systems (SPIS).
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InfraCo Africa’s CEO, Gilles Vaes, stated of today’s announcement: “We are excited to proceed working with our companions at Bonergie Irrigation to considerably scale up our offering to farmers in Senegal. Access to solar-powered irrigation solutions will substitute current diesel pumps, providing farmers with a extra sustainable answer to addressing the linked challenges of climate change and food security.”
The agreements signed right now will see the commissioning, sale, set up and maintenance of no less than 2,000 further pumps over the next three years. In response to suggestions from the pilot, the challenge will also roll out over 500 drip irrigation systems (DIS) that are designed to optimise effectivity of irrigation whilst additionally protecting groundwater sources from over-abstraction. weksler ea14 come in a variety of sizes to go well with each farmer’s wants with rent buy financing available to spread the fee, making the methods more inexpensive.
“Bonergie Irrigation SAS may be very proud that InfraCo Africa has determined to develop a detailed partnership with us as a shareholder”, says Gabriele Schwarz, CEO of Bonergie Irrigation SAS. “Their tremendous experience will assist us to provide a minimum of 2000 pumps and 500 drip irrigation systems to rural farmers in a sustainable means. The nexus of Water-Energy-Food is considered one of the main subjects for the coming years and Bonergie Irrigation SAS and InfraCo Africa are in a perfect place to develop this market in Senegal.” It is anticipated that Phase II of the Bonergie Irrigation venture will be co
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