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Dominovas Energy Corporation (DNRG) Enters Formal Negotiations to Become Exclusive Energy Supplier for University of Johannesburg
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, re-cently 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 genera-tion 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 pro-vider agreement (PPA) between the two parties. The PPA is expected to encompass a minimum of 12MW, serving as a “long-term play for Domi-novas 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 Am-bassador for Renewable Energy Projects and Special Advisor for the Republic of Madagascar. Through this appointment, the Company is strategical-ly 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 En-ergy’s “top priorities for development and operation of multiple power projects” in the future.
For more information, visit www.dominovasenergy.com
