E+ Co restructures its operation in Ghana

E+Co, a US based public purpose investments company operating in Ghana for the past 14 years, by providing social and environmental benefits to the communities, has restructured its operations and portfolio.

The company, which has been operating as a charity organisation, has now metamorphosed into full scale corporate body to be known as Persistent Energy Partners (PEP).

The move is to expand its mission of financing clean energy businesses in Africa as well as restructure E+Co's global business.

Speaking at the launching of PEP, Mr Chris Aidun, Chief Executive Officer (CEO) of PEP, said the decision to create the organisation is to maximise its mission of focusing on Africa and concentrate on growing E+Co Investment business in Africa.

He said PEP is ready to promote the expansion of the LPG retail businesses in the rural areas, continue the replacement of wood fuels as a source of cooking, adding that his outfit would continue to provide support to grow cook stove manufacturers like Toyola Ghana.

Mr Aidun said PEP would also invest and promote small grid and off grid connected solar plants.

Mr Albert O. Boateng, Regional Asset Manager of CEO of E+Co said the presence of the company has benefited thousands of people through investing in a number of clean energy companies like Wilkins Solar, Best Solar, and Toyola Solar in the solar industry, Lambark Gas, Anasset Company Limited and just recently Xpress Gas in the LPG sector.

The launch of PEP also saw the unveiling of the company's logo by the Guest of Honor, Mr Otu Danquah, Head of Renewable Energy from the Ghana Energy Commission.