Dominovas Energy Corp., through its proprietary solid oxide
fuel cell system, the RUBICON™, is providing the global energy market with a
clean, efficient solution to power generation. Headquartered in Atlanta,
Georgia, the company is a leading power solutions provider to emerging markets
around the world. Earlier this month, the Company expanded on this title,
signing a multi-year, guaranteed power provider agreement with the City of
David in the Democratic Republic of the Congo. Through the execution of this
agreement, the company will immediately begin required necessary preparatory
work in order to clear the road for an expected physical deployment during the
fourth quarter of 2016. When installed, the RUBICON™ will produce over 25.5
million kWh of clean, reliable electricity each year, effectively yielding more
than $100 million in revenue to Dominovas Energy for the full term of the
agreement.
“I am excited about this historic deployment of the RUBICON™
that will support the City of David project,” Emilio De Jesus, president of
Dominovas Energy African Operations, stated in a recent news release.
The City of David project is part of an effort by the
governor of the State of Katanga to increase the availability of affordable
housing and social facilities in the area, which is affectionately referred to
as the ‘Crown Jewel of Congo’. When installed, the 3MW RUBICON™ system will
become the largest single deployment of fuel cell technology on the entire
continent of Africa, and it is expected to provide Dominovas Energy with a
strong platform to realize additional work in the region moving forward.
“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,” added François Nyamulengwa, country managing director
of Dominovas Energy. “We look forward to establishing a new paradigm for the
future of how energy is distributed across the entire continent.”
In the months to come, Dominovas Energy will look to
continue building on its current momentum in developing markets around the
globe. With a versatile design and efficient use of natural resources, the
RUBICON™ provides the Company with tremendous potential to increase market
share and promote enhanced shareholder returns in the coming years. As global
acceptance of climate change theories push more nations to reconsider current
energy policies, Dominovas Energy’s multi-MW systems are an innovative solution
to lessen dependence on fossil fuels and substantially reduced economic and
environmental costs.
For more information, visit www.dominovasenergy.com
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