Dominovas Energy Corp. (DNRG) Partners with United States Government on Substantial Power Africa Initiative

In recent months, Dominovas Energy has made significant strides toward expanding its foothold in the African energy industry. Following the company’s announcement of a multi-megawatt agreement with the City of David in the Democratic Republic of Congo, the company has leveraged an early-mover advantage in building an industry presence and capitalizing on the considerable scope of the Power Africa Initiative (PAI).

The PAI is a multi-stakeholder partnership comprised of over 100 private sector partners designed to provide support for all countries in sub-Saharan Africa. When complete, it is expected to add more than 30,000 megawatts of cleaner, more efficient electricity generation capacity to the region. Beginning with a collection of six PAI focus countries – including Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania – the initiative will provide the foundational support to build the regulatory, economic and policy framework needed to meet the area’s increasing demand for electricity.

In June, Dominovas Energy announced a partnership with the United States government that named the company as the first, and only, fuel cell company selected as a private sector partner to the PAI. As a result of this partnership, the Company is well-positioned to provide clean, reliable energy to the PAI region over the next several years with its proprietary RUBICON™ solid oxide fuel cell system. In addition to installation, the company is expected to partner with local universities in order to provide the relevant training needed to service and maintain its innovative power generation technology.

“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,” Emilio De Jesus, president of Dominovas Energy’s Africa division, stated in a news release.

Earlier this month, the company cleared the path to capitalize on its position in the PAI by establishing relationships with a collection of financing partners. As a private sector partner, Dominovas Energy will have direct access to the PAI’s committed government, public and private sector lenders, providing the company with the means to secure the structured equity and debt financing necessary to successfully deploy its RUBICON™ systems through sub-Saharan Africa.

Look for Dominovas Energy to build on its strong strategic positioning in the future, providing a platform for potentially massive financial growth in the years to come. For prospective investors, the company’s partnership with the U.S. government on the PAI demonstrates the overall marketability of its groundbreaking power generation technology and makes Dominovas Energy an intriguing investment option moving forward.

For more information, visit www.dominovasenergy.com

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