Place your caldero over medium high heat and add the annatto oil, turkey bacon, and turkey ham. Cook until golden brown, 3-5 minutes.
Add the sofrito, tomato sauce and chicken bouillon. Stir for about 1-2 minutes, until fragrant.
Add the water or stock and seasonings. Stir well. Taste and adjust seasonings, if necessary. The liquid should be heavily seasoned to ensure very flavorful rice!
Add gandules, olives, roasted red peppers, and bay leaf (if using).
Add the rice. Stir well to evenly distribute the rice and pigeon peas. Add fresh cilantro on top. Allow this to boil for 3-5 minutes.
Once some of the liquid has dissolved, pour the green banana puree on top and smooth it over with a large spoon. Place the banana leaf on top.
Cover the pot and lower the heat to medium low. Allow the rice to cook for 25 minutes, covered.
After 25 minutes, uncover the caldero and remove the banana leaf and cilantro springs.
Carefully fluff the rice by lifting and flipping over spoonfuls of rice with a large kitchen spoon. The banana puree should be fully cooked through and the grains of rice should be fluffy.
Serve and enjoy. ¡Buen provecho!