Dominovas Energy, an energy-solutions company headquartered
in Atlanta, today announced the “historic execution” of a guaranteed 200MW
multi-year Power Provider Agreement (PPA) to provide electricity to the South
Kivu Province, in the Democratic Republic of the Congo, via Dominovas Energy’s
proprietary RUBICON™ Solid Oxide Fuel Cell system.
Dominovas Energy’s mission is to electrify the world; the
company says it is on pace to deliver an unprecedented number of MWs of fuel
cell generated electricity to the continent as it works to deploy a technology
that will revolutionize the way electricity is delivered in Africa.
What makes today’s announcement “historic” is that the deal
represents the equivalent of 20% of all the fuel cells that have been delivered
in the last 20 years.
“There is a very calculated approach to the methodology of
Dominovas Energy. It was critical to make certain we had venerable OEM partners
that have the supply chain and manufacturing bandwidth to allow us to execute
large scale orders and deliver as promised,” Michael Watkins, COO and president
Dominovas Energy’s Fuel Cell Division, stated in the news release.
The city of Bukavu, the capital of South Kivu, has
experienced incredible urban growth since colonial times; Sadiki et al. (2010)
reported about 620,000 inhabitants for 2008 while other areas of the Province
now have population centers exceeding 1 million citizens. South Kivu is known
for its agriculture potential, as well as its vast hydrocarbon reserves under
the lake with the same name.
Today’s news follows the company’s announcement just a few
weeks ago of its 3MW PPA with the SOMICO SARL mines, also in the Democratic
Republic of the Congo, and its 3MW PPA to electrify the City of David in the
country.
The physical deployment of the RUBICON™ in the Democratic
Republic of Congo is expected to begin in the fourth quarter of 2016 while the
200MW deployment will not begin until in the first quarter of 2017.
The 200 MW installation is a continuation of what is the
largest single deployment of fuel cell technology on the continent of Africa,
representing a paradigm shift in the DRC’s approach to addressing concerns
regarding harmful carbon emissions, and to reducing the ever-expanding
equipment maintenance and inefficiencies that are associated with increased
costs, as are endemic with power generation from diesel generators,
combined-cycle gas-fired turbine (CCGT) power plants, and other
combustion-centric technologies.
Emilio De Jesus, president of Dominovas Energy’s Africa Division,
expressed, “I cannot begin to express my gratitude to the leadership of the
Democratic Republic of the Congo for the acceptance of our technology and their
trust in our ability to deliver 21st century technology and solutions for their
Country. This 200MW multi-year deployment will address immediate electricity
needs of a Province that is on a fast track for economic growth. It will serve
as a model for large scale RUBICON™ deployments across Africa and beyond.”
The RUBICON™ is expected to produce over 25.5 million kWh of
clean, efficient, and reliable electricity every year. The 200MW PPA will yield
more than US$1 billion in “guaranteed revenue” to Dominovas Energy over the
multi-year term PPA.
Watkins added, “We have worked diligently to put ourselves
in this position to be able to qualify for acceptance in the Power Africa
Initiative, which provides us direct partner access to finance partners that
share in the mission to provide power to Africa. Today, our sales cycle is
maturing, our OEM partners are committed and in place, and our revenue and
financing model is being received with favor. As a result, our pipeline of
projects is creating the type of production scale that will promote efficient
and cost-effective manufacturing. Equally exciting is that our manufacturing
will further stimulate job creation and expansion domestically, as the RUBICON™
is manufactured and supported by a robust supply-chain in the U.S.”
For more information, visit www.dominovasenergy.com
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