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 scale up of the project.
Under the new agreements, InfraCo Africa will maintain a big minority shareholding in Bonergie Irrigation, committing an additional US$2.4 million to substantially scale up farmers’ access to prime quality irrigation solutions in Senegal.
It has lengthy been recognised that reliance upon rain-fed agriculture exposes Senegal’s farmers to the results of local weather change on temperature and rainfall patterns.i In 2019, InfraCo Africa joined with solar tools specialist Bonergie Senegal to ascertain Bonergie Irrigation, an area Special Purpose Vehicle, to pilot the implementation of over 100 top 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 options will replace present diesel pumps, providing farmers with a more sustainable solution to addressing the linked challenges of local weather change and food safety.”
The agreements signed right now will see the commissioning, sale, installation and upkeep of a minimum of 2,000 further pumps over the following three years. In response to suggestions from the pilot, the challenge may also roll out over 500 drip irrigation techniques (DIS) which are designed to optimise efficiency of irrigation while also defending groundwater sources from over-abstraction. The methods are available a spread of sizes to go well with each farmer’s wants with rent buy financing available to spread the cost, making the techniques extra affordable.
“Bonergie Irrigation SAS could be very proud that InfraCo Africa has determined to develop an in depth partnership with us as a shareholder”, says Gabriele Schwarz, CEO of Bonergie Irrigation SAS. “ เกจวัดแรงดันpsi will help us to produce a minimal of 2000 pumps and 500 drip irrigation techniques to rural farmers in a sustainable means. The nexus of Water-Energy-Food is doubtless one of the primary subjects for the coming years and Bonergie Irrigation SAS and InfraCo Africa are in a perfect position to develop this market in Senegal.” It is anticipated that Phase II of the Bonergie Irrigation venture will be co