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Following a profitable 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 continue supporting the scale up of the challenge.
Under the new agreements, InfraCo Africa will maintain a big minority shareholding in Bonergie Irrigation, committing an extra US$2.4 million to considerably scale up farmers’ access to top quality irrigation solutions in Senegal.
It has long 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 solar tools specialist Bonergie Senegal to determine Bonergie Irrigation, an area Special Purpose Vehicle, to pilot the implementation of over a 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 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 substitute current diesel pumps, offering farmers with a extra sustainable answer to addressing the linked challenges of climate change and meals safety.”
The agreements signed at present will see the commissioning, sale, installation and maintenance of at least 2,000 further 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) that are designed to optimise effectivity of irrigation while additionally protecting groundwater sources from over-abstraction. The methods are available a spread of sizes to suit each farmer’s needs with hire buy financing out there to spread the price, making the methods 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. “Their super expertise will help us to produce a minimal of 2000 pumps and 500 drip irrigation systems to rural farmers in a sustainable method. pressure gauge of Water-Energy-Food is certainly 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 project shall be co
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