Following a profitable pilot challenge, InfraCo Africa, 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 venture.
Under the model new agreements, InfraCo Africa will hold a big minority shareholding in Bonergie Irrigation, committing a further US$2.4 million to considerably scale up farmers’ entry to top quality irrigation options in Senegal.
It has long 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 tools specialist Bonergie Senegal to ascertain Bonergie Irrigation, a local Special Purpose Vehicle, to pilot the implementation of over one hundred 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 companions at Bonergie Irrigation to considerably scale up our providing to farmers in Senegal. Access to solar-powered irrigation solutions will replace present diesel pumps, providing farmers with a more sustainable solution to addressing the linked challenges of climate change and meals safety.”
The agreements signed at present will see the commissioning, sale, installation and upkeep of a minimal of 2,000 additional pumps over the following 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 effectivity of irrigation while also defending groundwater sources from over-abstraction. The techniques come in a range of sizes to swimsuit each farmer’s wants with hire purchase financing available to spread the fee, making the systems extra inexpensive.
“ เกจวัดแรงดันเบนซิน could be very proud that InfraCo Africa has determined to develop a detailed partnership with us as a shareholder”, says Gabriele Schwarz, CEO of Bonergie Irrigation SAS. “Their tremendous experience will help us to supply a minimal of 2000 pumps and 500 drip irrigation methods to rural farmers in a sustainable way. The nexus of Water-Energy-Food is amongst the primary topics for the approaching 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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