Dominovas Energy Corp. saw the execution of a guaranteed 200-MW multi-year Power Provider Agreement (PPA) to provide electricity to the South Kivu Province, in the DRC, via its proprietary RUBICON™ Solid Oxide Fuel Cell system.
Dominovas Energy remains steadfast on its mission to electrify the world and is on pace to deliver an unprecedented number of MWs of fuel cell generated electricity to the continent. This announcement represents the equivalent of 20% of all the fuel cells that have been delivered in the last 20 years.
Dominovas Energy COO and President of its Fuel Cell Division, Michael Watkins, reiterated, "There is a very calculated approach to the methodology of Dominovas Energy. It was critical to make certain we had venerable OEM partners that have the supply chain and manufacturing bandwidth to allow us to execute large scale orders and deliver as promised."
This agreement follows the company’s previous announcement of its 3-MW PPA with the SOMICO SARL mines, also in the DRC, and its 3 MW PPA to electrify the City of David in the country.
The actual deployment of the RUBICON™ in the DRC is expected to begin in Q4 2016. The 200-MW deployment will not begin until Q1 2017.
Emilio De Jesus, President of Dominovas Energy’s Africa Division, expressed, “I cannot begin to express my gratitude to the leadership of the Democratic Republic of the Congo for the acceptance of our technology and their trust in our ability to deliver 21st century technology and solutions for their Country. This 200MW multi-year deployment will address immediate electricity needs of a Province that is on a fast track for economic growth. It will serve as a model for large scale RUBICON™ deployments across Africa and beyond. Michael Watkins added, “We have worked diligently to put ourselves in this position to be able to qualify for acceptance in the Power Africa Initiative, which provides us direct partner access to finance partners that share in the mission to provide power to Africa. Today, our sales cycle is maturing, our OEM partners are committed and in place, and our revenue and financing model is being received with favor. As a result, our pipeline of projects is creating the type of production scale that will promote efficient and cost-effective manufacturing. Equally exciting is that our manufacturing will further stimulate job creation and expansion domestically, as the RUBICON™ is manufactured and supported by a robust supply-chain in the U.S.”