ATLANTA, GA–(Marketwired – Jun 26, 2015) – Dominovas Energy Corporation (OTCQB: DNRG) announced earlier this week it has landed a new partnership with the United States government. Specifically, Dominovas Energy Corporation has been named as the first, and only, fuel cell company selected as a Private Sector Partner to President Barack Obama’s POWER AFRICA INITIATIVE. The Power Africa Initiative (PAI) is a multi-stakeholder partnership comprised of over 100 private sector partners. However, the Power Africa Initiative scope is, in fact, more expansive than the initial six countries previously reported. Power Africa is designed to provide support for all countries in sub-Saharan Africa, but in the first year offered intensive regulatory reform support and technical assistance to an initial set of six Power Africa focus countries – Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania. These countries signed Memoranda of Understandings with Power Africa, which reflect the strong commitment of African governments to engage in policy and regulatory reform, and in particular to implement critical energy sector reforms. Through PAI, public sector agencies / entities maintain an express intent to nurture and accelerate private sector investment in sub-Saharan Africa’s power sector over the next several years.
Power Africa private sector partners represent the foundational support in building the regulatory, economic, and policy framework integral to meeting sub-Saharan Africa’s increasing demand for, and access to, electricity; and Dominovas Energy anticipates this partnership will continue to catalyze the resources and combined commitment of numerous U.S. government agencies, as well as the World Bank Group, AfDB, and many additional Power Africa partners, to facilitate Power Africa’s objectives, operations, and related sector investments. Detailed earlier this week, as a Power Africa private sector partner, 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. These resources will allow 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.
Dominovas Energy’s President of its Africa Division, Emilio De Jesus, added, “With Power Africa’s commitment to the entire sub-Saharan Africa, it has set the stage for Dominovas Energy to complete sales cycles it began in earnest over two years ago with government officials of respective nations working closely with our company to realize a viable solution to their energy sector concerns.”
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 sub-Saharan 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 sub-Saharan countries with access to distributed, off-grid electricity on a multi-megawatt scale.
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.
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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