Dominovas Energy Corp. (DNRG) to Deploy Proprietar
Post# of 151
Posted On: 06/08/2015 5:40:58 PM
Dominovas Energy Corp. (DNRG) to Deploy Proprietary Technology in Democratic Republic of Congo
Atlanta-based Dominovas Energy has completed a 3MW, multi-year guaranteed Power Provider Agreement (PPA) under which the company will utilize its proprietary RUBICON™ Solid Oxide Fuel Cell system to provide clean electricity to the City of David in the Democratic Republic of the Congo.
The City of David is a public-private partnership (PPP), between the government of the Democratic Republic of Congo and a private enterprise, which will comprise 3,000 homes, a hospital, health clinics, schools, malls, parks, food markets, sports centers, police stations, and waste treatment facilities across 8,000 hectares. The project represents the first of many efforts the Governor of the State of Katanga in the Democratic Republic of Congo is pursuing across his state to increase the availability of affordable housing and social facilities.
The physical deployment of the RUBICON™ in the Democratic Republic of Congo is expected to begin in the fourth quarter of 2016, marking the largest single deployment of fuel cell technology on the continent of Africa. The deployment also represents a paradigm shift in the Democratic Republic of Congo’s approach to addressing concerns regarding harmful carbon emissions, as well as to reducing the ever-expanding equipment maintenance and inefficiencies associated with increased costs, as are endemic with power generation from diesel generators and combined-cycle gas-fired turbine (CCGT) power plants.
The RUBICON™ will produce more than 25.5 million kWh of clean, efficient and reliable electricity every year. The 3MW PPA will yield more than US$100 million in guaranteed revenue to Dominovas Energy over the course of the agreement.
As announced in 2014, Dominovas Energy’s efforts are supported via its partnership with Delphi Automotive Systems LLC, a subsidiary of Delphi Automotive PLC, formed to jointly develop the technology and methodologies necessary to facilitate the commercial manufacture, assembly and deployment of the RUBICON™ system. The strategic partnership fully supports Dominovas Energy’s continued deployment of clean energy solutions on a multi-MW scale, in every market the company has engaged to deploy the RUBICON™.
Emilio De Jesus, president of Dominovas Energy African Operations, stated, “I am excited about this historic deployment of the RUBICON™ that will support the City of David project.” DeJesus and François Nyamulengwa, Dominovas Energy’s country managing director, are equally enthusiastic and have shared that they are additionally looking forward to Dominovas Energy’s continued engagement with the Democratic Republic of Congo, knowing that the country is dedicated and leading the charge in the “clean and efficient energy” movement.
“President Kabila’s leadership and foresight will allow the RUBICON™ to make a tremendous difference in the lives of millions in the Democratic Republic of Congo, and Dominovas Energy is honored to have been given this opportunity. We look forward to establishing a new paradigm for the future of how energy is distributed across the entire continent,” stated Nyamulengwa.
For more information, visit www.dominovasenergy.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Atlanta-based Dominovas Energy has completed a 3MW, multi-year guaranteed Power Provider Agreement (PPA) under which the company will utilize its proprietary RUBICON™ Solid Oxide Fuel Cell system to provide clean electricity to the City of David in the Democratic Republic of the Congo.
The City of David is a public-private partnership (PPP), between the government of the Democratic Republic of Congo and a private enterprise, which will comprise 3,000 homes, a hospital, health clinics, schools, malls, parks, food markets, sports centers, police stations, and waste treatment facilities across 8,000 hectares. The project represents the first of many efforts the Governor of the State of Katanga in the Democratic Republic of Congo is pursuing across his state to increase the availability of affordable housing and social facilities.
The physical deployment of the RUBICON™ in the Democratic Republic of Congo is expected to begin in the fourth quarter of 2016, marking the largest single deployment of fuel cell technology on the continent of Africa. The deployment also represents a paradigm shift in the Democratic Republic of Congo’s approach to addressing concerns regarding harmful carbon emissions, as well as to reducing the ever-expanding equipment maintenance and inefficiencies associated with increased costs, as are endemic with power generation from diesel generators and combined-cycle gas-fired turbine (CCGT) power plants.
The RUBICON™ will produce more than 25.5 million kWh of clean, efficient and reliable electricity every year. The 3MW PPA will yield more than US$100 million in guaranteed revenue to Dominovas Energy over the course of the agreement.
As announced in 2014, Dominovas Energy’s efforts are supported via its partnership with Delphi Automotive Systems LLC, a subsidiary of Delphi Automotive PLC, formed to jointly develop the technology and methodologies necessary to facilitate the commercial manufacture, assembly and deployment of the RUBICON™ system. The strategic partnership fully supports Dominovas Energy’s continued deployment of clean energy solutions on a multi-MW scale, in every market the company has engaged to deploy the RUBICON™.
Emilio De Jesus, president of Dominovas Energy African Operations, stated, “I am excited about this historic deployment of the RUBICON™ that will support the City of David project.” DeJesus and François Nyamulengwa, Dominovas Energy’s country managing director, are equally enthusiastic and have shared that they are additionally looking forward to Dominovas Energy’s continued engagement with the Democratic Republic of Congo, knowing that the country is dedicated and leading the charge in the “clean and efficient energy” movement.
“President Kabila’s leadership and foresight will allow the RUBICON™ to make a tremendous difference in the lives of millions in the Democratic Republic of Congo, and Dominovas Energy is honored to have been given this opportunity. We look forward to establishing a new paradigm for the future of how energy is distributed across the entire continent,” stated Nyamulengwa.
For more information, visit www.dominovasenergy.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
(0)
(0)Dominovas Energy Corp. (DNRG) Stock Research Links
Scroll down for more posts ▼