East African Business Week (Kampala)
By Kenan Kalagho, 29 October 2012
Dar es Salaam, Tanzania — A US based
Persistent Energy Partners LLC an affiliate of E+CO Energy is working
with local companies to improve rural access to renewable energy.
(A customers listens tentatively on how the solar panel works as she weighs her pockets, most Dar residents purchase such panels as a standby powerdue to unreliable hydro power Photo by Kenan Kalagho )
Speaking exclusively to East African Business Week during the launch of Persistent Energy firm the Chief Executive Officer of Persistent Energy Partners Christopher Aidun said there are 22 companies are collaborating with Persistent Energy to make sure that they connect rural areas with renewable energy.
Aidun said his company which has its presence in East and West African countries is aiming at making sure that local renewable companies have access to capital. This will be done through having projects like rural electrification being funded with majority of rural villagers with electricity.
"We have the best investment in the region and this has resulted from the economic growth that has been realized in the East African region for the past years, Aidun said, adding that they have decided to invest in countries where they can be able to see the impact and generate income for reinvestment"
The CEO noted for the past 10 years Persistent Energy has been investing in clean renewable energy thus providing social and environmental benefits to communities in rural areas.
He said his company aims at reducing deforestation by downing the use of charcoal, and burning of wood fuel used for cooking through funding institutions with capital that can best bring its innovations of renewable energy to rural areas.
Aidun names companies that have so far benefitted from the funding from E+Co as including, Afro (T) Limited, Bicol Solar, Barkat Enterprises Limited Ensol, and Fadeco trading among others that operates in different parts of Tanzania.
He underscored that Persistent Energy Partners plans to further invest in clean energy business in East Africa with a focus on off-grid solar retailers, installers and distributors, noting that his company was looking for talented and capable entrepreneurs requiring additional growth capital in their target sectors.
Speaking exclusively to East African Business Week during the launch of Persistent Energy firm the Chief Executive Officer of Persistent Energy Partners Christopher Aidun said there are 22 companies are collaborating with Persistent Energy to make sure that they connect rural areas with renewable energy.
Aidun said his company which has its presence in East and West African countries is aiming at making sure that local renewable companies have access to capital. This will be done through having projects like rural electrification being funded with majority of rural villagers with electricity.
"We have the best investment in the region and this has resulted from the economic growth that has been realized in the East African region for the past years, Aidun said, adding that they have decided to invest in countries where they can be able to see the impact and generate income for reinvestment"
The CEO noted for the past 10 years Persistent Energy has been investing in clean renewable energy thus providing social and environmental benefits to communities in rural areas.
He said his company aims at reducing deforestation by downing the use of charcoal, and burning of wood fuel used for cooking through funding institutions with capital that can best bring its innovations of renewable energy to rural areas.
Aidun names companies that have so far benefitted from the funding from E+Co as including, Afro (T) Limited, Bicol Solar, Barkat Enterprises Limited Ensol, and Fadeco trading among others that operates in different parts of Tanzania.
He underscored that Persistent Energy Partners plans to further invest in clean energy business in East Africa with a focus on off-grid solar retailers, installers and distributors, noting that his company was looking for talented and capable entrepreneurs requiring additional growth capital in their target sectors.
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