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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 project.
Under the model new agreements, InfraCo Africa will maintain a large minority shareholding in Bonergie Irrigation, committing an additional US$2.4 million to substantially scale up farmers’ access to top quality irrigation options in Senegal.
Treasure 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 100 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 partners at Bonergie Irrigation to substantially scale up our offering to farmers in Senegal. Efficient to solar-powered irrigation options will exchange current diesel pumps, providing farmers with a more sustainable resolution to addressing the linked challenges of climate change and food safety.”
The agreements signed at present will see the commissioning, sale, set up and upkeep of no less than 2,000 further pumps over the following three years. In response to feedback from the pilot, the venture will also roll out over 500 drip irrigation techniques (DIS) which are designed to optimise effectivity of irrigation whilst additionally protecting groundwater sources from over-abstraction. The techniques are available a spread of sizes to swimsuit each farmer’s needs with hire purchase financing available to spread the fee, making the techniques more affordable.
“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 large expertise will assist us to supply a minimal of 2000 pumps and 500 drip irrigation systems to rural farmers in a sustainable means. The nexus of Water-Energy-Food is one of the main topics 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 venture might be co

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