QualityStocks today announces the availability of a new
audio interview with Mr. Eric Fresh, Senior Vice President of Finance and
Investments for Dominovas Energy Corporation (OTCQB: DNRG). The interview can
be heard at www.QualityStocks.net/interview-dnrg.php.
At the forefront of Dominovas Energy’s mission to deliver
clean, efficient and reliable electricity to areas of the world that lack this
valuable commodity is the Company’s proprietary technology, the RUBICON™, and
its visionary leadership. Fresh begins the interview by discussing his own
expertise, how it applies to the Company’s vision, and why he believes Dominovas
Energy is positioned for success.
“What brought me to Dominovas Energy initially was the
opportunity to work with an extraordinary executive suite. The Company’s vision
to deploy its RUBICON™ system globally was indeed exceptional… I’ve worked on
more than $4 billion of structured debt and equity transactions for projects
all over the world. Most of those were directly related to power generation in
the energy sector. Dominovas Energy, as a company, is poised and positioned for
unprecedented success in the global power sector,” asserted Fresh.
Dominovas Energy is the first and only fuel cell company
selected as a private sector partner to President Barack Obama’s Power Africa
Initiative (PAI). Fresh describes how the Company’s partnership with Delphi
Automotive Systems validates a robust supply chain in the manufacture of its
solid oxide fuel cell stacks, which is the heart of the RUBICON™ system, and
how its deployment fits into the broader value created to impact both domestic
and foreign economies.
“Collectively, with our OEM partners, we have a significant,
vested interest in the successful deployment of our RUBICON™ systems throughout
sub-Saharan Africa… consider the relationship with our U.S.-based OEM partner
Delphi Automotive Systems. Our relationship presents a broad-based value proposition.
The engagement of Delphi secures the Company’s supply chain relative to its
most critical component: the production of fuel cell stacks. This partnership
affords Dominovas Energy a capability well beyond any other fuel cell company
in the market,” he explains.
As further mentioned in the interview, Dominovas Energy has
signed more than 200MW of guaranteed PPAs, establishing the base of production
that promotes “efficient and cost-effective” manufacturing of the Company’s
proprietary RUBICON™ system. Fresh notes that ongoing production and
manufacturing of the system will create a hearty global supply chain and
stimulate global job expansion while supporting the PAI to create greater
access to electricity in sub-Saharan Africa.
Fresh also eased concerns regarding how U.S. Export Import
Bank’s charter not being re-authorized impacts the financing of RUBICON™’s
deployment.
“We see no immediate impact as the Company has not to date
initiated any financing sequences with them. However, it is indeed unfortunate
that the U.S. Ex-Im Bank’s charter has not been reauthorized, as Ex-Im has
been, and is, a critical component of many U.S. companies that are engaged in
international commerce.”
Dominovas Energy is however actively engaging several Power
Africa Partners, both private and public, that are steadfast in their
commitment relative to financing project development and deployment of RUBICON™
systems in sub-Saharan Africa. These Initiative Partners include Goldman Sachs,
Barclays Africa, the Overseas Private Investment Corporation (OPIC) and Africa
Development Bank (AfDB).
“Ultimately, each of the institutions that we engage are
engaged specifically because they have mandates which are inclusive of being
focused on deploying capital to support further development of power
infrastructure projects in sub-Saharan Africa,” says Fresh.
Turning to expenses associated with deployment, Fresh
provides an account of the variables that affect the costs to install power
generation based upon the RUBICON™.
“The RUBICON™ is a precision engineered and highly
customized next-generation technology that produces clean, reliable and
sustainable electricity in global emerging markets… many of these markets lack
the infrastructure for basic access to electricity, so our customizable,
modular, megawatt-scaled RUBICON™ units are ideal, as there’s no reliance on
antiquated legacy transmission infrastructure,” reminds Fresh.
Fresh concludes the interview by addressing what some would
perceive as challenges to obtaining financing of projects in the Democratic
Republic of Congo (DRC), and how the company is providing an unprecedented
number of megawatts.
“Financing such a large deployment is not as much a
challenge, as it is a spectacular opportunity for Dominovas Energy. The DRC is
a country rich with potential. It is indeed that potential that presents an
unprecedented opportunity for Dominovas Energy. Through years of cultivating
relationships at the highest levels in government, we are now realizing the
fruits of that labor with the prospect of adding to those resources, in a very
significant way; mind you, by delivering power with attendant financial
support,” says Fresh. “The Company is continually enhancing and cultivating its
financial relationships along with its ability to execute in the DRC.”
Again, the interview can be heard at
http://www.QualityStocks.net/interview-dnrg.php.
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