Following a profitable pilot venture, 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 size up of the project.
Under the new agreements, InfraCo Africa will hold a large minority shareholding in Bonergie Irrigation, committing a further US$2.4 million to substantially scale up farmers’ access to high quality irrigation options in Senegal.
ขนาดpressuregauge has lengthy been recognised that reliance upon rain-fed agriculture exposes Senegal’s farmers to the results of climate change on temperature and rainfall patterns.i In 2019, InfraCo Africa joined with photo voltaic tools specialist Bonergie Senegal to determine Bonergie Irrigation, a neighborhood Special Purpose Vehicle, to pilot the implementation of over one hundred high 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 substantially scale up our offering to farmers in Senegal. Access to solar-powered irrigation options will replace existing diesel pumps, providing farmers with a extra sustainable resolution 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 no less than 2,000 additional pumps over the subsequent three years. In response to suggestions from the pilot, the project may even roll out over 500 drip irrigation methods (DIS) which are designed to optimise efficiency of irrigation while additionally defending groundwater sources from over-abstraction. The methods come in a spread of sizes to go well with every farmer’s needs with rent buy financing obtainable to unfold the price, making the systems extra reasonably priced.
“Bonergie Irrigation SAS is 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 super expertise will help us to provide a minimum of 2000 pumps and 500 drip irrigation systems to rural farmers in a sustainable way. The nexus of Water-Energy-Food is among the major matters 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 project will be co
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