Following a profitable pilot project, InfraCo Africa, part of the Private Infrastructure Development Group (PIDG), has signed a Shareholders’ Agreement and a Loan Agreement with Bonergie Irrigation SAS (Bonergie Irrigation) to continue supporting the scale up of the project.
Under the new agreements, InfraCo Africa will hold a large minority shareholding in Bonergie Irrigation, committing an additional 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 tools specialist Bonergie Senegal to establish 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, said of today’s announcement: “We are excited to continue working with our companions at Bonergie Irrigation to considerably scale up our offering to farmers in Senegal. Access to solar-powered irrigation solutions will replace existing diesel pumps, offering farmers with a extra sustainable answer to addressing the linked challenges of climate change and food safety.”
The agreements signed right now will see the commissioning, sale, installation and maintenance of no much less than 2,000 additional pumps over the subsequent three years. In response to feedback from the pilot, the venture will also roll out over 500 drip irrigation techniques (DIS) which are designed to optimise efficiency of irrigation whilst additionally defending groundwater sources from over-abstraction. The techniques come in a spread of sizes to swimsuit each farmer’s needs with hire purchase financing obtainable to unfold the fee, making the techniques more affordable.
“Bonergie Irrigation SAS may be very proud that InfraCo Africa has determined to develop a close partnership with us as a shareholder”, says Gabriele Schwarz, CEO of Bonergie Irrigation SAS. “Their large expertise will help us to provide a minimal of 2000 pumps and 500 drip irrigation methods to rural farmers in a sustainable means. pressure gauge 4 นิ้ว of Water-Energy-Food is amongst the primary subjects for the approaching years and Bonergie Irrigation SAS and InfraCo Africa are in an ideal position to develop this market in Senegal.” It is anticipated that Phase II of the Bonergie Irrigation venture might be co