Following a successful pilot challenge, 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 proceed supporting the dimensions up of the venture.
Under the model new agreements, InfraCo Africa will hold a big minority shareholding in Bonergie Irrigation, committing an additional US$2.four million to substantially scale up farmers’ access to high quality irrigation solutions in Senegal.
It has long been recognised that reliance upon rain-fed agriculture exposes Senegal’s farmers to the effects of local weather change on temperature and rainfall patterns.i In 2019, InfraCo Africa joined with photo voltaic gear specialist Bonergie Senegal to determine Bonergie Irrigation, a local Special Purpose Vehicle, to pilot the implementation of over one hundred top quality Solar Powered Irrigation Systems (SPIS).
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InfraCo Africa’s CEO, Gilles Vaes, mentioned of today’s announcement: “We are excited to continue working with our companions at Bonergie Irrigation to considerably scale up our providing to farmers in Senegal. Access to solar-powered irrigation solutions will substitute present diesel pumps, offering farmers with a more 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 upkeep of no much less than 2,000 further pumps over the next three years. In response to feedback from the pilot, the venture may even roll out over 500 drip irrigation methods (DIS) that are designed to optimise effectivity of irrigation whilst additionally defending groundwater sources from over-abstraction. The methods are available a range of sizes to go well with each farmer’s needs with hire buy financing obtainable to spread the fee, making the techniques extra inexpensive.
“Bonergie Irrigation SAS may be very proud that InfraCo Africa has decided to develop an in depth partnership with us as a shareholder”, says Gabriele Schwarz, CEO of Bonergie Irrigation SAS. “ เกจวัดแรงดันลม10bar will assist us to produce a minimum of 2000 pumps and 500 drip irrigation techniques to rural farmers in a sustainable means. The nexus of Water-Energy-Food is one of the main subjects for the coming years and Bonergie Irrigation SAS and InfraCo Africa are in an ideal place to develop this market in Senegal.” It is anticipated that Phase II of the Bonergie Irrigation challenge will be co