ATLANTA, GA--(Marketwired - Aug 25, 2015) - Dominovas Energy Corporation (
VIEW PHOTOS: http://DTN.fm/DRC-Meeting
"This trip has been a phenomenal success, in that we have experienced first-hand the benefits of being a Power Africa partner, by connecting with other Power Africa partners," stated Dominovas Energy's SVP of Finance and Investments, Eric Fresh.
"These are dynamic financing environments for power and infrastructure projects in sub-Saharan Africa. We are incredibly impressed with how engaged and motivated these sources of capital are in support of the deployment of clean, reliable and sustainable power generation assets, like our RUBICON™ system," said Fresh.
Beyond engaging with the financing community, this trip has served Dominovas Energy well to engage principal stakeholders for Dominovas Energy's projects based in the DRC, and other prospective projects in various stages of the sales cycle. "The Dominovas Energy team has been pleasantly surprised and is appreciative of the tremendous reception we received when we arrived in Johannesburg last week to meet with officials. We knew the momentum would continue through this week in the DRC, as these activities are a culmination of the relationships we have organically cultivated, as well as those which have been further enhanced as a Power Africa partner," said Michael Watkins, COO and President of the Fuel Cell Division. "As anticipated, we have expanded the overall interest and enthusiasm for the RUBICON™ as an impactful and clean energy solution, further solidifying our market stronghold and commitment in Africa."
President of the Africa Division of Dominovas Energy, Emilio De Jesus offered, "This week, we will complete our summer African tour in South Africa, Mozambique and the DRC ... the DRC, of course, is where we have over 200MW of signed and executed guaranteed PPAs. To keep the 200MW in proper context, once deployed, the RUBICON™ will produce more than 1.7 million MW-hours of fuel cell generated power for the country, enough to supply power to over 200,000 homes. Equally important, the conversation and dialogue we have advanced with strategic project financing partners brings us precipitously closer to securing the type of financing required to ensure we deliver on the broader Power Africa goals of adding 60 million new electricity connections and generating 30,000 megawatts of new and cleaner power."
About Dominovas Energy Corporation (
Founded in 2005, Dominovas Energy Corporation (DEC) is a publicly traded company, based in Nevada. With its operating headquarters in Atlanta, Georgia, USA, Dominovas Energy Corporation is a leading power solutions provider to emerging markets around the world. DEC employs its proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) technology for deployment in multi-megawatt power generation units worldwide. The worldwide pursuit of clean and efficient production of electricity via Solid Oxide Fuel Cell technology inspired its founders to create an "energy solutions" company. Recognizing that "green" and "alternative energy" markets offer immense potential for growth, Dominovas Energy is aggressively moving to allocate its intellectual and financial capital forthwith, in order to strategically address a green energy solution that is 100% reliable, efficient, and measurably cleaner than GenSets and CCGT. By manufacturing and deploying the RUBICON™ throughout of the world, Dominovas Energy is committed to creating shareholder value by not only generating guaranteed revenue streams, but also by increasing the value of "human and community capital." Devoted to core values by operating under the utmost of honesty and integrity in all its business transactions, Dominovas Energy is additionally dedicated to respecting the rights of all individuals, while acknowledging and respecting all cultures necessary to support the growth and development of the communities and countries in which it operates. The Company strongly believes in the impact this singularly advanced technology will make on the world and is resolute in its mission to provide electricity where and when economically viable. For more information, visit www.dominovasenergy.com.
Forward-Looking Statements
This press release, as well as other statements made by Dominovas Energy Corporation (the "Company"), contain forward-looking statements that reflect, when made, the Company's current views with respect to current events and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to the Company's operations and business environment, which may cause the actual results of the Company to be materially different from any future results. All statements that address future operating, financial or business performance or the Company's strategies or expectations are forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements as is applicable would be discussed under captions as follows: "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in the Company's filings as would be filed with the Securities and Exchange Commission as required. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the Company. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.
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