Dominovas Energy Corporation (DNRG) Actively Pursu
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Posted On: 11/23/2015 8:07:18 PM
Dominovas Energy Corporation (DNRG) Actively Pursuing Capital Commitments to Fund Growth Opportunities in Sub-Saharan Africa
Late last month, Dominovas Energy Corp. made headlines when it secured a landmark commitment of $1.2 billion in project financing to fund the initial phase of production and deployment of its proprietary RUBICON™ solid oxide fuel cell technology. The company’s chairman and chief executive officer, Neal Allen, hailed the commitment as further validation of Dominovas Energy’s business model and “an undeniable endorsement of the technical prowess of the RUBICON™.” Earlier this week, Dominovas Energy successfully built on this progress when it announced a new commitment from Nevada-based GHS Capital for up to $7.5 million over the next 36 months.
“This commitment from GHS Capital serves as a catalyst for maintaining operational momentum established this year,” Eric Fresh, senior vice president of finance and investments with Dominovas Energy, stated in a news release. “Moreover, it solidifies the platform for continued business development and implementation of the company’s strategic vision for expansion and development of the RUBICON™ into the global frontier markets in 2016.”
Thus far in 2015, Dominovas Energy has implemented an aggressive growth strategy that should provide a solid platform for strong financial performance in the years to come. Since announcing its first power purchase agreement (PPA) for the City of David in the Democratic Republic of the Congo (DRC) earlier this year, the Company has committed to an ambitious goal of securing the project financing needed to support the deployment of over 200 megawatts of signed and guaranteed PPAs in the DRC while continuing to target other emerging markets throughout sub-Saharan Africa as part of President Obama’s Power Africa Initiative.
For prospective shareholders, emerging power generation markets in sub-Saharan Africa could represent an opportunity for Dominovas Energy to realize considerable financial growth moving forward, particularly as it continues to build an increasingly sizable foothold throughout the region. According to a report by market research firm McKinsey & Company, there are nearly 600 million people living in sub-Saharan Africa without access to electricity. In the DRC, just 20 percent of the population currently has average grid access. However, by 2040, the report suggests that more than 70 percent of the region will have access to reliable power generation, outlining the substantial opportunity for Dominovas Energy as it continues to pursue additional project financing.
“[W]e have put in place the building block that supports our innovation in engineering this next generation technology for the commercial production of clean and sustainable base load power via the proprietary RUBICON™,” added Allen. “Dominovas Energy actively demonstrates that the funding of power infrastructure projects in global and emerging markets is not only possible, but feasible.”
For more information, visit www.dominovasenergy.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
Late last month, Dominovas Energy Corp. made headlines when it secured a landmark commitment of $1.2 billion in project financing to fund the initial phase of production and deployment of its proprietary RUBICON™ solid oxide fuel cell technology. The company’s chairman and chief executive officer, Neal Allen, hailed the commitment as further validation of Dominovas Energy’s business model and “an undeniable endorsement of the technical prowess of the RUBICON™.” Earlier this week, Dominovas Energy successfully built on this progress when it announced a new commitment from Nevada-based GHS Capital for up to $7.5 million over the next 36 months.
“This commitment from GHS Capital serves as a catalyst for maintaining operational momentum established this year,” Eric Fresh, senior vice president of finance and investments with Dominovas Energy, stated in a news release. “Moreover, it solidifies the platform for continued business development and implementation of the company’s strategic vision for expansion and development of the RUBICON™ into the global frontier markets in 2016.”
Thus far in 2015, Dominovas Energy has implemented an aggressive growth strategy that should provide a solid platform for strong financial performance in the years to come. Since announcing its first power purchase agreement (PPA) for the City of David in the Democratic Republic of the Congo (DRC) earlier this year, the Company has committed to an ambitious goal of securing the project financing needed to support the deployment of over 200 megawatts of signed and guaranteed PPAs in the DRC while continuing to target other emerging markets throughout sub-Saharan Africa as part of President Obama’s Power Africa Initiative.
For prospective shareholders, emerging power generation markets in sub-Saharan Africa could represent an opportunity for Dominovas Energy to realize considerable financial growth moving forward, particularly as it continues to build an increasingly sizable foothold throughout the region. According to a report by market research firm McKinsey & Company, there are nearly 600 million people living in sub-Saharan Africa without access to electricity. In the DRC, just 20 percent of the population currently has average grid access. However, by 2040, the report suggests that more than 70 percent of the region will have access to reliable power generation, outlining the substantial opportunity for Dominovas Energy as it continues to pursue additional project financing.
“[W]e have put in place the building block that supports our innovation in engineering this next generation technology for the commercial production of clean and sustainable base load power via the proprietary RUBICON™,” added Allen. “Dominovas Energy actively demonstrates that the funding of power infrastructure projects in global and emerging markets is not only possible, but feasible.”
For more information, visit www.dominovasenergy.com
Please see disclaimer on the QualityStocks website: http://Disclaimer.QualityStocks.com
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