Following digital pressure gauge , InfraCo Africa, a half 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 brand new agreements, InfraCo Africa will hold a big minority shareholding in Bonergie Irrigation, committing an extra US$2.four million to substantially scale up farmers’ entry 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 determine Bonergie Irrigation, an area 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 partners at Bonergie Irrigation to substantially scale up our providing to farmers in Senegal. Access to solar-powered irrigation options will exchange present diesel pumps, offering farmers with a more sustainable solution to addressing the linked challenges of local weather change and food safety.”
The agreements signed today will see the commissioning, sale, installation and upkeep of no much less than 2,000 additional pumps over the following three years. In response to suggestions from the pilot, the project may also roll out over 500 drip irrigation methods (DIS) that are designed to optimise effectivity of irrigation whilst also defending groundwater sources from over-abstraction. The systems come in a range of sizes to suit each farmer’s wants with hire purchase financing obtainable to spread the price, making the techniques extra affordable.
“Bonergie Irrigation SAS is very proud that InfraCo Africa has decided to develop a detailed partnership with us as a shareholder”, says Gabriele Schwarz, CEO of Bonergie Irrigation SAS. “Their large expertise will help us to provide a minimum of 2000 pumps and 500 drip irrigation techniques to rural farmers in a sustainable means. The nexus of Water-Energy-Food is among the main topics for the coming years and Bonergie Irrigation SAS and InfraCo Africa are in a perfect place to develop this market in Senegal.” It is anticipated that Phase II of the Bonergie Irrigation project shall be co
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