Following a successful pilot project, 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 dimensions up of the venture.
Under the brand new agreements, InfraCo Africa will maintain a large minority shareholding in Bonergie Irrigation, committing an extra US$2.4 million to substantially scale up farmers’ entry 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 climate change on temperature and rainfall patterns.i In 2019, InfraCo Africa joined with solar equipment specialist Bonergie Senegal to establish Bonergie Irrigation, a neighborhood 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 replace existing diesel pumps, providing farmers with a more sustainable resolution to addressing the linked challenges of climate change and food security.”
The agreements signed at present will see the commissioning, sale, installation and upkeep of at least 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 methods (DIS) which are designed to optimise efficiency of irrigation whilst also defending groundwater sources from over-abstraction. The methods are available a spread of sizes to suit every farmer’s needs with rent buy financing out there to spread the fee, making the techniques extra inexpensive.
“Bonergie Irrigation SAS is very proud that InfraCo Africa has decided to develop a close partnership with us as a shareholder”, says Gabriele Schwarz, CEO of Bonergie Irrigation SAS. “Their tremendous experience will help us to produce a minimal of 2000 pumps and 500 drip irrigation methods to rural farmers in a sustainable method. ไดอะแฟรม ซีล of Water-Energy-Food is one of the main topics 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 challenge might be co
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