Scottsdale 8/26/2015 8:00:00 PM
News / Finance

QualityStocks News - Dominovas Energy (DNRG) Issues Update on Business Trip to Sub-Saharan Africa

QualityStocks would like to highlight Dominovas Energy Corp. (OTCQB: DNRG), an energy solutions company dedicated to bringing clean, sensible and reliable power to areas of the world that lack this precious commodity. Recognizing the incredible growth and profit opportunities of the green and alternative energy markets, Dominovas Energy defined a sustainable deployment model to take a leading position among alternative green energy solutions providers.

In the company’s news,

Dominovas Energy (OTC: DNRG), an Atlanta-based energy-solutions company, has issued details of its sub-Saharan Africa tour of South Africa, Democratic Republic of the Congo (DRC), and Mozambique. Dominovas Energy senior executives are meeting with public and private sector leaders, off-takers, country managers and other operating partners in coordination and planning for both existing and prospective deployments of the company’s proprietary RUBICON™ systems. During the tour, Dominovas Energy executives have also met with Power Africa financial institution partners.


“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,” Eric Fresh, Dominovas Energy’s SVP of Finance and Investments, stated in the news release. “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.”

The company noted that beyond engaging with the financing community, the trip has enabled Dominovas Energy to engage principal stakeholders for its projects based in the DRC, as well as 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.”

“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,” stated Emilio De Jesus, president of the Africa Division of Dominovas Energy. “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.”

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.