Following a profitable pilot challenge, 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 size up of the challenge.
Under the 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’ access to prime quality irrigation options 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 gear specialist Bonergie Senegal to determine Bonergie Irrigation, a local Special Purpose Vehicle, to pilot the implementation of over one hundred 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 continue working with our companions at Bonergie Irrigation to considerably scale up our offering to farmers in Senegal. Access to solar-powered irrigation solutions will exchange present diesel pumps, providing farmers with a extra sustainable answer to addressing the linked challenges of climate change and food security.”
The agreements signed today will see the commissioning, sale, installation and maintenance of at least 2,000 further pumps over the following three years. In response to feedback from the pilot, the challenge may also roll out over 500 drip irrigation methods (DIS) which are designed to optimise efficiency of irrigation whilst additionally protecting groundwater sources from over-abstraction. The methods are available a spread of sizes to swimsuit every farmer’s wants with rent buy financing available to unfold the cost, making the techniques more reasonably priced.
“ pressure gauge 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 way. The nexus of Water-Energy-Food is likely certainly one of the main subjects 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 venture shall be co
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