Following a profitable pilot venture, 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 maintain a big minority shareholding in Bonergie Irrigation, committing an additional US$2.4 million to substantially scale up farmers’ entry to prime quality irrigation options in Senegal.
It has lengthy been recognised that reliance upon rain-fed agriculture exposes Senegal’s farmers to the effects of local weather change on temperature and rainfall patterns.i In 2019, InfraCo Africa joined with photo voltaic gear specialist Bonergie Senegal to ascertain Bonergie Irrigation, an area Special Purpose Vehicle, to pilot the implementation of over a hundred high quality Solar Powered Irrigation Systems (SPIS).
READ: Kenya to build new drinking water provide system in Mombasa County
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 providing to farmers in Senegal. Access to solar-powered irrigation solutions will substitute current diesel pumps, providing farmers with a extra sustainable answer to addressing the linked challenges of climate change and food security.”
The agreements signed right now will see the commissioning, sale, installation and upkeep of a minimum of 2,000 further pumps over the subsequent three years. In response to suggestions from the pilot, the challenge will also roll out over 500 drip irrigation techniques (DIS) that are designed to optimise efficiency of irrigation while additionally defending groundwater sources from over-abstraction. The techniques come in a variety of sizes to go properly with every farmer’s needs with rent buy financing out there to spread the price, making the techniques extra inexpensive.
“Bonergie Irrigation SAS may be 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. “ diaphragm seal will assist us to provide a minimum of 2000 pumps and 500 drip irrigation systems to rural farmers in a sustainable way. The nexus of Water-Energy-Food is doubtless certainly one of the main subjects 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 might be co
Share