This strategic alliance aims to raise an amazing USD1 billion in carbon credit finance while also committing to generate over 1000 employment opportunities in Ghana and West Africa by 2030.
Under the terms of the agreement, EKI will offer JGC with critical technical assistance to ensure the project’s success. The partnership’s exclusivity is protected for a five-year term.
Dr. Joseph Siaw Agyepong, Chairman of JGC, emphasised the collaborative approach to technical, financial, and developmental issues. Speaking at the signing event in Accra on Tuesday, he praised EKI Energy’s experience and leadership in climate change, emphasising their position as the right partner for this initiative.
“We are partnering with EKI Energy because of their experience, so they can hand-hold us and propel strong development in the sector,” Dr. Agyepong stated.
Dr Agyepong offered scholarships for ten people interested in studying climate change this year as part of his commitment to developing future leaders in the field.
Mr Manish Dabkara, CEO of EKI Energy Services Limited, guaranteed JGC of substantial cooperation in attracting carbon investments. With a track record of delivering over 200 million offsets, he emphasised his company’s technological expertise and experience in fulfilling its purpose.
Dr. Henry Kokofu, Executive Director of the Environmental Protection Agency (EPA), who attended the event, lauded the partnership as a critical milestone that will help Ghana gain prominence on the world stage. He praised JGC and its Chairman for taking the courageous step of investing and harnessing opportunities in the climate change arena.
“This is one of the legacies of President Akufo-Addo, who has championed private sector participation in the climate change arena,” Dr. Kokofu remarked, commending the Jospong Group for taking the lead where others hesitated.
KI Energy Services Ltd. (EKI) is a global leader in carbon credit development and supply, with a listing on the Bombay Stock Exchange. With over 15 years of expertise, EKI is a market leader in climate change, carbon offset solutions, and carbon asset management, with operations in 16 countries and over 3500 clients worldwide, including work with the JGC.
The Jospong Group of Companies, on the other hand, is a diverse Ghanaian holdings firm that operates in 14 areas of the economy, including waste management, ICT, banking, and automobile and equipment. The company’s operations extend throughout Africa and Asia.
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