Dominovas Energy Lands Historic Partnership With U.S. Government
June 25 2015 - 1:00PM
InvestorsHub NewsWire
ATLANTA, GA -- June 25, 2015 -- InvestorsHub NewsWire
-- Dominovas Energy Corporation (OTCQB: DNRG)
announces a historic partnership with the United States government.
Dominovas Energy Corporation, via the deployment of its modular,
off-grid RUBICON™ Solid Oxide Fuel Cell systems, has been named as
the first, and only, fuel cell company selected as a Private Sector
Partner to President Barak Obama's POWER AFRICA INITIATIVE. The
Power Africa Initiative is a multi-stakeholder partnership
comprised of private sector participants, the United States
government and governments of several African countries, including
but not limited to the following Power Africa focus countries:
Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania. This
partnership extends beyond public and private sector engagement.
These captive agencies / entities maintain an express intent to
nurture and accelerate private sector investment in Africa's power
sector over the next several years.
Power Africa partners represent the foundational support in
building the regulatory, economic, and policy framework integral to
meeting Africa's increasing demand for, and access to, electricity;
and Dominovas Energy is perfectly positioned to meet the supply
needs of an ever-increasing demand for clean and reliable
electricity throughout sub-Saharan Africa.
Dominovas Energy anticipates that this partnership will continue to
catalyze the resources and combined commitment of numerous U.S.
government agencies, as well as the World Bank Group, African
Development Bank (AfDB), and many additional Power Africa partners,
to facilitate Power Africa's objectives, operations, and related
sector investments. As a Power Africa member company, Dominovas
Energy will actively engage relevant U.S. agencies to fully employ
the participating agencies' tools to ensure any financing and
capacity gaps that may exist can be addressed directly,
specifically with respect to existing and incremental energy sector
investments. This affords Dominovas Energy to benefit from
interagency efforts, by leveraging Power Africa's tools including,
but not limited to technical expertise and financing; while
enhancing project bankability by implementing various risk
mitigation tools, as are available through the select agencies
comprised in the Power Africa Initiative. Dominovas Energy has
committed to adopting, adhering to, and undertaking the required
policy framework for specific projects, so it and other companies
can effectively fulfill their commitments to invest in the further
enhancement and development of the power infrastructure in
sub-Saharan Africa.
Michael Watkins, Dominovas Energy's COO & President of its Fuel
Cell Division, states, "This partnership not only demonstrates
Dominovas Energy's commitment to emerging markets, but it also
firmly positions the United States as a reliable and robust ally to
Africa, respective of its long-term power needs."
Over the next several years, as part of its commitment to Power
Africa, Dominovas Energy intends to support and advance Power
Africa goals by providing access to clean, reliable energy;
partnering with specific universities in Africa to train and hire
local citizens as engineers and technicians, as necessary for the
installation, service, and ongoing maintenance of the RUBICON™; and
providing Power Africa countries with access to distributed,
off-grid electricity on a multi-megawatt scale.
As such, deployments of the RUBICON™ are expected to increase the
quantity of power available to over 100 million people by 2021, via
multi-megawatt capacity installations. Dominovas Energy's
investment will directly benefit citizens, households, and
businesses by producing clean, reliable, and continuous energy.
About the Power Africa Initiative
On June 30, 2013 in Cape Town, South Africa, President Barack Obama
announced Power Africa -- an initiative to increase the number of
people with access to power in sub-Saharan Africa.
Power Africa is working with African governments, the private
sector, and other partners to add more than 30,000 megawatts (MW)
of cleaner, more efficient electricity generation capacity as well
as increase electricity access by adding 60 million new home and
business connections throughout all of sub-Saharan Africa.
Learn more about Power Africa: http://www.usaid.gov/powerafrica
About Dominovas Energy Corporation (OTCQB:
DNRG)
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.
Media and Investor Contact:
Eric Fresh
SVP, Finance and Investments
Eric.fresh@dominovasenergy.com