In a large saucepan over medium heat, cook bacon until crisp. Transfer to paper towels to cool, leaving bacon fat in skillet. Crumble cool bacon and set aside.
Add onion and celery to bacon fat and sauté over medium heat for about 4 minutes. Add peas, water, salt, thyme, ham, and the bacon. Cook over low heat until peas are tender, about 45 minutes. Remove from heat and stir in yoghurt and sherry, mixing thoroughly. Serve warm.
Makes 8 servings.
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