Coronavirus is slowly gaining novelty as one of the most significant occurrences in modern history. The virus has come with adverse effects to the economy including a decline in demand for substantial fuel sources of energy
However, there are expert views that confer a significant change in the market is imminent. According to their input, individual players will have to embrace the changes or phase out. Part of the parties to be affected is the energy sector.
For an extended period, the Lamu project was Kenya’s latest large-scale energy project that experts estimated would be able to cater for the country’s future energy needs. A more in-depth look into the effects of the project reveals the specific financial strain that Kenya is likely to face
The adverse effects arise from an expected need for further investment in the coastal region. These contracts were made public at a website used by the government Treasury. As it stands, the project is still retractable, yet the country even chooses to proceed.
Currently, Kenya’s energy demand meets its supply. There is little need for the country to generate additional power. There is a report that the project was a measure to solve rampant energy outages on the energy grip. The country needs a well-developed system that capable of fixing inefficiency
Renewable energy projects can provide enough energy effectively when in need. On a comparative basis, coal is collectively expensive than solar, wind, and geothermal sources of energy. The main issue, however, is whether the country is ready to shift into full renewed energy production.
Records show that Kenya is the largest implementer of geothermal sources as a source of renewable energy. However, a venture into the solar and wind-powered can solve Kenya’s looming energy woes.
Coal, as a source of energy, has the most considerable effect on the environment. Environmentalists expect the plant to cause unprecedented levels of pollution. The Kenyan coast will experience a damaged ecosystem and adverse pollution that leads to a disease-prone local and susceptibility to airborne diseases like Covid19
Yet the longest-serving effect the coal project has is to disrupt the economic state of coastal Kenya. Lamu and the coastal region, in general, rely sorely on tourism as a source of income. However, when the corona effect wears off, the region will have to establish a new income source.
With all this in mind, it is evident that the Lamu’s coal project has some advantage to the country; however, new occurrences reveal that the country is better off adopting renewables as a source of energy.