Yesterday,
Dominovas Energy Corporation (OTCQB: DNRG) announced its entry into formal
negotiations with key officials at the University of Johannesburg to become the
exclusive supplier of electricity for the South African school’s Johannesburg
campuses. The Company, which has been working closely with University of
Johannesburg officials in recent months ahead of the impending delivery of its
RUBICON™ showcase unit, recently submitted its Energy Solutions Technical
Survey to the University’s facilities managers in order to determine the
overall electrical needs of the campuses. When the survey is complete,
Dominovas Energy officials will look to conduct a complete and thorough
analysis of the school’s current electrical systems, highlighting
inefficiencies and potential savings that could be realized by implementing the
company’s proprietary RUBICON™ Solid Oxide Fuel Cell technology.
“As
the ‘right’ individuals have become more educated on the prowess and efficiency
of Dominovas Energy’s RUBICON™ system, the inquiries became more specific as to
what the Company could do for the University at large to deliver a cleaner,
more efficient use of resources for the generation of electricity,” Michael
Watkins, COO of Dominovas Energy and president of its fuel cell division,
stated in this morning’s news release. “The key was to first determine the
energy need of the University and those steps are underway as we speak.”
When
complete, Dominovas Energy anticipates that its Energy Solutions Technical
Survey will set the stage for the execution of a formal power provider
agreement (PPA) between the two parties. The PPA is expected to encompass a
minimum of 12MW, serving as a “long-term play for Dominovas Energy to provide
utility-scale electrification to Africa,” according to Watkins. Notably, the
company’s showcase unit, which was announced in a previous news release, is
on-track to be delivered in the near future. Dominovas Energy is currently
awaiting access to a reliable natural gas source at the University of
Johannesburg site. When available, the Company “will be ready to fire up the
‘Showcase’ and show its capabilities to the public at large.”
In
recent weeks, Dominovas Energy has made considerable progress toward the launch
of its power solutions technology on the African continent. In addition to
reporting two site visits to the University of Johannesburg regarding its
RUBICON™ showcase, the Company has also turned its sights toward neighboring
countries in the region. On September 9, Dominovas Energy announced the
appointment of Dr. Emma Rasolovoahangy as Ambassador for Renewable Energy
Projects and Special Advisor for the Republic of Madagascar. Through this
appointment, the Company is strategically positioned to build on its recent
progress through its new hydropower division, Currentergy. According to
Vassilis Koutras, managing director for Francophone countries with Dominovas
Energy, Madagascar has a hydro potential of roughly 7,000MW, making the country
one of Dominovas Energy’s “top priorities for development and operation of
multiple power projects” in the future.
For
more information, visit www.dominovasenergy.com
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