Dominovas Energy Corp’s senior executives are making the rounds in sub-Saharan Africa. Executive teams are making a tour of South Africa, DRC, and Mozambique, meeting with public and private sector leaders, off-takers, country managers and other operating partners in coordination and planning for both existing and prospective deployments of its proprietary RUBICON™ systems.
During the tour, Dominovas Energy executives also met with Power Africa financial institution partners.
"This trip has been a phenomenal success, in that we have experienced first-hand the benefits of being a Power Africa partner, by connecting with other Power Africa partners," stated Dominovas Energy’s SVP of Finance and Investments, Eric Fresh.
"These are dynamic financing environments for power and infrastructure projects in sub-Saharan Africa. We are incredibly impressed with how engaged and motivated these sources of capital are in support of the deployment of clean, reliable and sustainable power generation assets, like our RUBICON™ system," said Fresh.
The company said that this trip served to engage principal stakeholders for Dominovas Energy’s projects based in the DRC, and other prospective projects in various stages of the sales cycle. Michael Watkins, COO and president of the Fuel Cell Division said that the team was “pleasantly surprised” at the reception it received.
President of the Africa Division of Dominovas Energy, Emilio De Jesus offered, "This week, we will complete our summer African tour in South Africa, Mozambique and the DRC … the DRC, of course, is where we have over 200 MW of signed and executed guaranteed PPAs. To keep the 200 MW in proper context, once deployed, the RUBICON™ will produce more than 1.7 million MW-hours of fuel cell generated power for the country, enough to supply power to over 200,000 homes. Equally important, the conversation and dialogue we have advanced with strategic project financing partners brings us precipitously closer to securing the type of financing required to ensure we deliver on the broader Power Africa goals of adding 60 million new electricity connections and generating 30,000 megawatts of new and cleaner power."