Following a profitable pilot venture, 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 venture.
Under the brand new agreements, InfraCo Africa will hold a large minority shareholding in Bonergie Irrigation, committing an extra US$2.four million to substantially scale up farmers’ access to prime quality irrigation solutions in Senegal.
It has lengthy been recognised that reliance upon rain-fed agriculture exposes Senegal’s farmers to the consequences of local weather change on temperature and rainfall patterns.i In 2019, InfraCo Africa joined with photo voltaic tools specialist Bonergie Senegal to ascertain Bonergie Irrigation, an area Special Purpose Vehicle, to pilot the implementation of over a hundred top 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 proceed working with our partners at Bonergie Irrigation to considerably scale up our providing to farmers in Senegal. pressure gauge to solar-powered irrigation options will substitute existing diesel pumps, providing farmers with a more sustainable solution to addressing the linked challenges of climate change and meals safety.”

The agreements signed right now will see the commissioning, sale, set up and maintenance of no much less than 2,000 further pumps over the subsequent three years. In response to feedback from the pilot, the project may even roll out over 500 drip irrigation techniques (DIS) which are designed to optimise efficiency of irrigation while additionally defending groundwater sources from over-abstraction. The methods come in a range of sizes to suit every farmer’s wants with hire purchase financing obtainable to unfold the fee, making the methods extra reasonably priced.
“Bonergie Irrigation SAS could be very proud that InfraCo Africa has determined to develop a close partnership with us as a shareholder”, says Gabriele Schwarz, CEO of Bonergie Irrigation SAS. “Their super experience will help us to supply a minimum of 2000 pumps and 500 drip irrigation methods to rural farmers in a sustainable way. The nexus of Water-Energy-Food is considered one of the major matters for the coming years and Bonergie Irrigation SAS and InfraCo Africa are in an ideal place to develop this market in Senegal.” It is anticipated that Phase II of the Bonergie Irrigation project shall be co