Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 362

Review

The challenges of energy supply for Sierra Leone’s economic development

T. Alphaeus Koroma and Wang Rongcheng*
College of Urban and Environmental Sciences, Northeast Normal University, No.5268 Remin Street, Changchun, Jilin Province, Post Code 130024, P. R. China.
Email: [email protected]

  •  Accepted: 24 November 2009
  •  Published: 31 December 2009

Abstract

 

Energy problems in developing and under developed countries are serious and widespread. Lack of access to sufficient and sustainable supply of energy affects over 85% of the population in these countries. Over 3 billion people are without electricity and a similar number remains dependent on fuels such as animal dung, plant residue, kerosene, wood and charcoal as a source of fuel for lighting and cooking. Without efficient supply of clean energy, peoples’ efforts to effectively engage in economic activities or improve living standard will be fruitless. Sierra Leone has just emerged from a decade-long civil war which virtually paralyzed the economy. As the country currently embarks on post-conflict development and economic modernization, there is need to thoroughly address energy issues for sustainable economic growth. Modern economies are energy dependent; meaning that economic prosperity and sustainable living standards could only be achieved through paradigm shift in energy policy and planning. Sierra Leone is fairly endowed with energy resources, like biomass energy, hydropower, solar energy and other renewable energy resources. If properly harnessed, these rich resources of energy can lay the basis for sustainable economic development in Sierra Leone.

 

Key words: Economic development, energy, hydro electric power, living standard, Sierra-Leone.