Dominovas Energy Advances Its Plans for Africa
October 17 2016 - 9:00AM
InvestorsHub NewsWire
ATLANTA, GA - October 17, 2016 --
InvestorsHub NewsWire -- Dominovas Energy Corporation (OTCQB
:DNRG) today announces it has formally submitted a Request for
Proposal (RFP) for the Ekurhuleni Energy Generation Program in
Johannesburg, South Africa in an effort to be awarded a 20 megawatt
(MW) Power Purchase Agreement (PPA) utilizing its RUBICON™ Solid
Oxide Fuel Cell technology. This 20-year PPA was a collaborative
submission by Dominovas Energy and its joint venture partner for
the project Mponeng Holdings [PTY] LTD, a South African company
located in Johannesburg.
Mponeng Holdings (MPH) t/a Pharox
Lumens Africa is a sustainability energy management company which,
through its proven technologies, enables energy users to reduce
energy consumption in order to preserve energy resources for the
future and reduce environmental pollutions by promoting efficient
energy use. Its "Demand-Side Management" applications enable
clients to run clean and green operations leading to reduced carbon
emissions and energy consumption, thereby, maximizing bottom line
whilst preserving the environment. MPH is also currently appointed
to explore and implement energy efficiency and renewable energy
initiatives within the Msunduzi Local Government Municipality.
"The submission of this RFP and
entering into this 'JV' agreement with MPH is an extension of our
goal to expand and establish roots in multiple regions within
sub-Saharan Africa," said Dominovas Energy's chief operating
officer and the president of its Fuel Cell Division Michael
Watkins. "Having set our sights initially on the 50kW Showcase for
Johannesburg, we believe it is critical that the follow-up and
immediate next steps be in place and determined early in the
process to maintain the momentum we hope to create with the
installation of the 'Showcase.' We simply do not see it as prudent
to install and then seek to determine the 'next' client," Watkins
added.
If awarded, this 20MW RUBICON™ system
will be installed to provide electricity for the Ekurhuleni
Metropolitan Municipality in Johannesburg, South Africa.
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
seeks to deploy its proprietary RUBICON™ Solid Oxide Fuel Cell
(SOFC) technology and proprietary ORCAS™ hydro systems 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 and hydro 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.
Additionally, unlike wind and solar solutions the RUBICON and
ORCAS™ provide baseload power 24/7/365 days a year. By
manufacturing and deploying the RUBICON™ and ORCAS™ 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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Investor Questions:
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