Following a profitable pilot project, 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 continue supporting the scale up of the venture.
Under the model new agreements, InfraCo Africa will maintain a big minority shareholding in Bonergie Irrigation, committing an extra US$2.four million to substantially scale up farmers’ entry to high quality irrigation solutions in Senegal.
It 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 solar equipment specialist Bonergie Senegal to determine Bonergie Irrigation, an area Special Purpose Vehicle, to pilot the implementation of over 100 high quality Solar Powered Irrigation Systems (SPIS).
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InfraCo Africa’s CEO, Gilles Vaes, said of today’s announcement: “We are excited to continue working with our companions at Bonergie Irrigation to substantially scale up our providing 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 right now will see the commissioning, sale, installation and upkeep of a minimum of 2,000 further pumps over the following three years. In response to suggestions from the pilot, the venture will also roll out over 500 drip irrigation methods (DIS) that are designed to optimise efficiency of irrigation whilst also defending groundwater sources from over-abstraction. The systems are available a spread of sizes to go properly with each farmer’s needs with hire purchase financing obtainable to spread the cost, making the techniques more inexpensive.
“Bonergie Irrigation SAS could 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 tremendous expertise will help us to produce a minimal of 2000 pumps and 500 drip irrigation methods to rural farmers in a sustainable way. The nexus of Water-Energy-Food is probably one of the major matters for the approaching 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 venture shall be co
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