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Annual operations and maintenance costs (O&M) are often quoted as a percentage of the investment cost per kW. Typical values range from 1 % to 4 %. Large hydropower projects will typically average around 2 % to 2.5 %. Small hydropower projects don’t have the same economies of scale and can have O&M costs of between 1 % and 6 %, or in some cases even higher
Small hydro PRICE Per kWh 0.02 – 0.27
http://www.irena.org/documentdownloads/publications/re_technologies_cost_analysis-hydropower.pdf
Financial Aspects
Together with the establishment of the Rural Electrification Agency in 2004, Madagascar has introduced a consumer tax on electricity consumption (1.25% on electricity bills for consumptions being higher than 20kWh per month) which is provided to the Rural Electrification Agency to co-sponsor rural electrification projects. The agency offers a maximum of 70 % of investment costs to private operators who contribute the remainder and receive the concession to exploit the plant for 10-20 years. Local commercial banks have played a minor role in financing small hydro power plants up to now, but are also interested to partially finance small hydro power projects.
With less than 70% subsidies small hydro power projects face problems with financing as costs per kWh are high (2500 $/kWh without grid), as are capital costs (20% interest rates) and the purchase power of the rural population is very low.
Hopefully this is a kind business manner way of saying beat it kid!
Time will tell. Lets just make it ON TIME with the DEMO & PASS the 6 month efficacy testing with Edison Power and lets see what MN Capital can do.
NO WAY WOULD MN CAPITAL ADVISE DNRG WITH GHS unless MN CAPITAL are TOXIC as well.
City of David deployment is key unless dom as designated a different 1st deployment?
Definitely POSITIVE NEWS! BETTER MOVES with shareholders in mind.
GHS Capital $7.5 aka toxic debt was the working capital. Whether or not DNRG used the total amount won't know until may be the 10-Q.
DNRG are paying MN Capital $3750 monthly. Agreement is for 12 months then it becomes a month to month if DNRG chooses.
So DNRg has put us in a toxic debt that hurt the price by over 90% and now paying $3750 monthly to MN Capital TOPPED off with a Demo Rubicon Price Tag of $1,000,000. Not good then you have 7 NEW employee salaries to pay that could add another $300,000 per year with no revenue. HOPE GROUPO TREBOL is still on the table. Also wonder if Graecrest LLC $1.2 Billion is still in PLAY?
Demo Unit Cost of $1,000,000 "DEC shall be solely liable for the Demo Unit Cost" Only hope this isn't GHS MONEY but MN Capital Financing. MN Capital did explain that the 16MW Hydro would be the 1st financing project but lets see in the 10-Q in a few weeks.
EPG "shall not be liable for any of the Demo Cost"
EPG "shall be responsible for all costs and administrative procedure associated with any and all required licenses permits and the like in respect of the Demo Unit for the Demo Unit Period and for the Demo Unit's installation and operation at the location"
Exploiting renewable energy sources: The short-term costs of electricity generation from renewable energy sources could be prohibitive. However, in the long term, fixed costs are likely to be offset by the adoption of feed-in tariffs schemes and the economies of scale in the generation of electricity.
Reduce the cost of electricity generation in Africa
Reducing the cost of generating electricity could significantly improve the overall energy supply in Africa. However, this requires a multi-pronged policy intervention bringing together governments and industry players to ensure financial viability of power utilities. Exploiting renewable energy sources and liberalizing the energy sector to attract private-sector participation could also improve the cost effectiveness of producing electricity. Improving the state of power infrastructure could also reduce transmission leakages and attendant costs.
The High Cost of Electricity Generation in Africa (From Africa Bank Development Group *they are heavily invested in the Power Africa Initiative with 12 projects they are financing) *1 project is Ruzizi III--Hydro a 145MW transaction/a Project costing $640 million in Burundi. Burundi is just west of DRC and DNRG could be a power provider for the location.
Africa’s power sector is facing many challenges, mainly due to insufficient generation capacity which has limited electricity supply, resulting in low access. The main obstacle to the increase in electricity generation capacity is the high cost of producing electricity, forcing governments to subsidize consumption. In 2010, the average effective electricity tariff in Africa was US $0.14 per kilowatt-hour (kWh) against an average of US $0.18 per kWh in production costs. Consumption is effectively subsidized, but with significant disparities among African countries. For example, while electricity tariffs in South Africa and Zambia are among the lowest in the world, prices in Djibouti and Gabon are among the highest globally. African countries should adopt efficient schemes of electricity pricing in order to foster the development of a viable and well-functioning power industry. The average tariffs in Africa are also much higher than in other developing regions. For instance, in 2010, the average effective tariff in South Asia was US $0.04/kWh, while that for East Asia was US $0.07/kWh.
1st Financing Transaction shall be the financing of a 16MW Hydro Power Plant and related transmission lines in Madagascar. MN CAPITAL AFRICA ADVISORS | ADVISORY | CAPTIAL RASING | MARKET ENTRY
Here's the answers as to why Watkins was in Madagascar at the end of May. Now let's see if the Amsterdam trip was a deal in the making?
IF the Demo Unit passes the 6 month efficacy and Edison Power enter into an additional 10MW unit revenue could reach $22,950,000 before taxes, tariffs, and split equally with Edison Power Group. Revenue after the above mentioned is taken might be $5-$7 million?
Upon the determination of the efficacy standards with the Rubicon technology system over the course of 6 months the parties may enter into an additional 10 megawatts PPA.
The deployment schedules and or installation location of the Rubicon units for the additional 10MW shall be determined by Edison Power Group.
For the such additional 10MW in excess of the original 50kW Demo Unit, the Parties, hereby, agree that, the net monthly PROFITS, after taxes, earned and actually received by Edison Power Group from its customers for the supply of electricity by Edison Power Group to it them in South Africa, which electricity has solely generated and or produced by the RUBICON units, will BE SHARED BETWEEN THE PARTIES EQUALLY
50kw Rubicon will be tested for efficacy standards over the course of 6 months by Edison Power. This is the "Proof of Concept" period testing for Power output, 24 hrs period is 1,200 kWh, in 30 days is 35,935 kph, in 3 months is 107,417 kWh, in 6 months is 213,667 kWh. Also testing efficacy for fuel consumption, capacity factor, ability to deliver its full capacity. Pollutant Emissions, sound level, fuel quality.
$6,885,000 per year once deployed @ 15 year span to generate the $100 million in revenue.
$1,000,000 million the cost of the Demo Unit, 50kW Rubicon
This includes engineering, production, assembly, construction, manufacture, and installation. Including, WITHOUT LIMITATION, all of the costs and expenses for the proper functions, working and operation of the Demo Unit and the regular and proper maintenance of the Demo Unit.
Wonder what % of the 1 million price tag is allocated to "maintenance"? 10%-20% would be 100k-200k in maintenance fees over the lifespan of the unit. for a 50kw. Wonder if there's a higher fee for the 3MW.
3MW Rubicon revenue $6,885,000 per year once deployed.
"City of David PPA will yield more than $100 million in revenue" This would happen over the course of about 15 years
3MW Rubicon generates 25.5m kWh per yr with a cost of $0.27 per kWh
3MW Rubicon should bring in revenue in at $6,966,000 per year once deployed.
"City of David PPA will yield more than $100 million in revenue" This would happen over the course of about 14 years
The project will cost $18 million dollars so I don't think with a number like $18 million the City of David Project will done and ready until 2018. And who knows whats coming with CURRENTERGY Division but might not see revenue for 3-4 years.
50kw Rubicon will produce 430,000 kWH per year @ a rate of $0.27 per kWh
Income for the 50kw Rubicon per yr $116,100 and per month is $9,675
Since the Rubicon for Johannesburg, SA is sponsored by Edison Power (paid for by Edison Power) I don't know that Dominovas will see much if any of that $116,100 income (not that it would make a difference)
Aug 1 will be 90 days from the May 3 PR for deployment of the 50kw Rubicon in SAU.
As of today, June 28 there are 31 days left until the showcase installment. (IF this happens expect PHOTOS in the next coming weeks)
May 3 2016 Dominovas PR
the 50kW RUBICON™ system is set for delivery and full implementation within 90 days and will serve as a demonstration unit for future Edison Power Group sponsored multi-megawatt, utility scale deployments in Africa. The 50kW RUBICON™ produce over 430,000 kilowatt hours of clean, fuel cell generated electricity each year.
The RUBICON™ will produce over 25.5 million kWh of clean, efficient, and reliable electricity every year. The 3MW Power Provider Agreement (PPA) will yield more than US$107 million in guaranteed revenue to Dominovas Energy over the multi-year term PPA
The physical deployment of the RUBICON™ in the Democratic Republic of Congo is expected to begin in Q4 of 2016.
Emilio De Jesus, President of Dominovas Energy’s Africa Division, expressed, “I am thrilled that my executive management team has given me the latitude to execute to this scale and magnitude. Somico Mine will establish the new blueprint for how mine operators in Africa and other emerging markets support their mining operations, using off-grid ‘clean’ energy solutions.”
Dominovas Energy’s COO, Michael Watkins, added, “This is an exciting day for Dominovas Energy. Today, we are reaping the benefits of sales cycle maturation that has required patience, diligence, and careful planning. As a result, our pipeline of projects is creating the type of production scale that will promote efficient and cost-effective manufacturing. Our signed PPAs will further support job creation and expansion domestically, as the RUBICON™ is manufactured and supported by a robust supply-chain in the U.S.”
"It has already signed Power Provider Agreements (PPAs), totalling 200MW, to supply electricity through its innovative fuel cell technology to the Democratic Republic of Congo; and it will raise US$ billions more over the next five years to supply a lot more"
Stage 1 to stage 4, exactly what the PATT App describes will take 4 years (with the lengthiest being Stage 4, "Project Construction & Completion").
http://www.nepad.org/sites/default/files/documents/files/Africa_Power_Vision_Concept_Note_%26_Implementation_Plan.pdf
Anyone remember http://www.befema.com/energia-dominovas
it states "The aim is to produce and sell electricity to the purchaser only the stable state, in this case the National Electricity Transport Network (RNT) at the COST OF 27 CENTS OF US DOLLAR PER KWH (or the equivalent Kwanzas)and this by ira feed the public distribution network depending on demand.
1 yr ago today the price was: June 26 2015
Open $0.26 VOL. 37.13 Million
Close $0.11 %Chg -81.02%
low $0.10
High $0.34
They need deployment of the 3MW in The City of David or confirmation of passed news like Graecrest $1.2 Billion or Grupo Trebol that would make DNRG cash flow POSITIVE.
https://biz.yahoo.com/e/150722/dnrg10-q_a.html
10-Q July 22 2015 (I have to imagine that this next 10-Q will not be in shareholders favor)
10-Q in 3wks for 2016 -- 22-Jul-2015 Quarterly Report filed last yr
ANTICIPATED CASH REQUIREMENTS 10Q July 22 2015
For the three months ended May 31, 2015, we recorded a net operating loss of
$270,316. As of May 31, 2015, we had a cash balance of $8,983. We do not have
sufficient funds for working capital and will need to obtain further financing.
Our financial condition as of May 31, 2015 and 2014 and cash flows for the nine
months then ended are summarized as follows:
9-Months Ended May 31,
2015 2014
Net cash used in Operating Activities $ (129,310 ) $ (223,242 )
Net cash used in Investing Activities - (10,000 )
Net cash provided by Financing Activities 133,197 315,320
Increase in Cash during the Period 3,887 82,078
Cash, Beginning of Period 5,096 -
Cash, End of Period $ 8,983 $ 82,078
WORKING CAPITAL
Our working capital position as of May 31, 2015 compared to May 31, 2014 and the
cash flows for the nine months then ended are summarized below:
9-Months Ended May 31,
2015 2014
Current Assets $ 24,393 $ 37,037
Current Liabilities (1,378,711 ) (494,765 )
[color=red]Working Capital (Deficiency) $ (1,354,318 ) $ (457,728 )
[/color]
BASIC AND DILUTED 92,748,439 90,000,000
Just to give us an idea on the up coming 10 Q & debt due dates. Combined with 6 NEW DNRG SALARIES/HIRES/ 1 CONSULTANT
On June 10, 2015, the Company issued a convertible unsecured note in the amount of $58,000 (including $8,000 of financing fees). The note carries an interest rate of 12% (22% default rate), and was due on March 10, 2016.
During the year ended August 31, 2015, $1,565 of interest was accrued on this loan. The fair value of the loan (including accrued interest) as at August 31, 2015 was $79,865.
During the period ended February 29, 2016, the Company issued 2,981,396 common stock with a fair value of $137,144 on conversion of this convertible debt.
On July 6, 2015, the Company issued a convertible unsecured note in the amount of $85,500 (including $10,500 of financing fees). The note carries an interest rate of 12% (22% default rate), and was due on April 6, 2016.
During the year ended August 31, 2015, $1,574 of interest was accrued on this loan. The fair value of the loan (including accrued interest) as at August 31, 2015 was $112,724.
During the period ended February 29, 2016, the Company issued 9,694,291 common stock with a fair value of $238,360 on conversion of $15,542 of principal of this convertible debt.
On August 10, 2015, the Company issued a convertible unsecured note in the amount of $85,500 (including $10,500 of financing fees). The note carries an interest rate of 12% (22% default rate), and is due on May 10, 2016.
During the period ended February 29, 2016, the Company issued 1,900,000 common stock with a fair value of $45,600 on conversion of this convertible debt.
The fair value of the loan as at February 29, 2016 was $125,924 and the principal outstanding is $69,958.
On September 11, 2015, the Company issued a convertible unsecured note in the amount of $95,000 (including $11,000 of finance fees). The note carries an interest rate of 12% (22% default rate), and is due on June 11, 2016.
The loans c) – f) above may be converted into shares of the Company's common stock, at a conversion price for each share equal to the average of the three lowest closing bid prices for the common stock for the ten trading days ending on the trading day immediately before the conversion date multiplied by 50% at any time after each respective maturity date.
The fair value at February 29, 2016 was determined based on the fair value of the shares that would be issued if converted at February 29, 2016.
2 NEW DNRG HIRINGS;
Vassilis Koutras
Managing Director, Madagascar
This may be Kourtras's Linkedin page (1st name looks to be spelled differently)
https://www.linkedin.com/in/vasilis-koutras-156b7340
Alejandro Contreras
Finance Manager
This may be Contreras Linkedin page
https://www.linkedin.com/in/alejandro-contreras-4b9a9230
http://dominovasenergy.com/leadership/
Dominovas Energy Team is NOW a personal of 10
Micheal Watkins was in Madagascar & Amsterdam end of May/June
POSTED this a few weeks back but it got deleted.
Lets see what comes out of the trip to Amsterdam!
10K out any day!
Dominovas Energy : to Raise up to USD10 Million in Private Placement of Shares and Warrants
---OLD NEWS---- QUESTION, WHAT HAPPEN TO THIS DEAL OF 10M IN THE 3RD QUARTER OF 2015??? did this ever happen?
Deal in Brief
Dominovas Energy Corporation, an energy-solutions company, has announced a private placement of shares of common stock and warrants to purchase shares of common stock, for gross proceeds of up to USD10 million. Pyrenees Investments, LLC is acting as agent to the company for the placement. The company intends to use the net proceeds from the placement, excluding any future proceeds from the exercise of the warrants, to fund working capital and other general corporate purposes, including expansion of its energies in the manufacture and deployment of clean, reliable and sustainable power generation via the RUBICON, its Solid Oxide Fuel Cell (SOFC) system. The placement is expected to close prior to the end of third quarter of 2015, subject to satisfaction of customary closing conditions.
LINK:
http://www.4-traders.com/DOMINOVAS-ENERGY-CORP-16337621/news/Dominovas-Energy-to-Raise-up-to-USD10-Million-in-Private-Placement-of-Shares-and-Warrants-20758147/
PATT APP has been updated: BUT now the "ESIA in progress status summary" is no longer listed/viewable!
You can see the updated look to the PATT APP here: https://itunes.apple.com/us/app/patt/id1039913424?mt=8
It will be a bit harder to know exactly IF or WHEN they complete or pass ESIA Report to the liking of both DRC Gov't & Power Africa folks. Curious why PATT decided to remove the ESIA STATUS line...
Beyond the Grid Partner Commitment List:
It would be a positive sign if and when Dominovas Energy's name is added to the commitment list.
https://www.usaid.gov/powerafrica/beyondthegrid
Acumen
Azuri Technologies
Bamboo Finance
BBOXX
Beyond Capital Fund
Blue Haven Initiative
The Calvert Foundation
Capricorn Investment Group
CrossBoundary LLC
d.light
The Eleos Foundation
GVEP International (Global Village Energy Partnership)
Embark
Energiya Global
Fenix International
Gigawatt Global
Global Off-Grid Lighting Association
Gray Ghost Ventures
Imprint Capital
Invested Development
Khosla Impact
KivaLGT Venture Philanthropy
Liberian Energy Network
Little Sun
The Low Carbon Enterprise Fund
Mobisol
Mosaic
Off Grid Electric
Peppermint Energy
Persistent Energy Partners
PowerGen Renewable Energy
Powerhive
ResponsAbility Investments AG
The Rockefeller Foundation
Schneider Electric
Shell Foundation
Solar Sister
SunFunder
The Tony Elumelu Foundation
United Nations Foundation
Virunga Power
Beyond the Grid Partner Commitments
"The Power Africa initiative already supports over 25 small-scale energy projects. Beyond the Grid is expanding this significantly – having facilitated over $1 billion in new private sector investments. With over 40 partners, Beyond the Grid also seeks to unlock investment and growth for off-grid and small- scale energy solutions for millions of households, businesses and public facilities in underserved areas in Africa. The following list is the commitments made by each Beyond the Grid partner as part of Power Africa"
https://www.usaid.gov/sites/default/files/documents/1860/Beyond%20the%20Grid%20Partner%20Commitments-12.30.14.pdf
Dominovas Energy is not listed on the PDF file. PDF file last updated was 11/19/14
Falls in line with what DNRG's plans were with DELPHI & the MOU
"Delphi and DEC will cooperate on a Proof of Concept with a series of development demonstrations for a small scale (-45kW - -1OOkW) version of the DEC System"
You have to remember this is not a deployment for DRC area but a deployment for South Africa, Johannesburg. Access to electricity is vastly different and not a fair comparison for 50kW
South Africa is a location where electricity is much more prevalent & reliable when compared to DRC, the numbers are absolute opposites.
DRC Profile
2,500 MW currently installed
9% have access to electritcity
1% access in rural locations
South Africa
45,000MW currently installed
85% have access to electricity
77% access in rural locations
Showcase RUBICON 50kW broken down: (revenue is not coming from 50kw deployment)
Deployment of the 50kw / 1kWh= 1000WH
Most single-family houses use between 500 kW·h to 2000 kW·h of electricity per month. Selecting 1200 kW·h, as a typical house for this explanation, and since there are, on average, 30 days in a month, a typical house would consume on the average 40 kW·h per day. The 10 kW solar installation can produce 55 kW·h on a standard sunny day in Texas, so it would seem adequate to supply a typical house with the amount of electricity that is used on a daily average.
Another way to estimate power usage is to look at your circuit breaker box. Most houses built in the 80's have a 200A capacity. At 110V, that's 110x200=22000W or 22kW maximum power draw by your house. Older houses have less, newer houses have more. Things like heat pumps and air conditioning use lots of power.
Reverse Split just could be coming if the DEATH SPIRAL is in play. Would explain why Dominovas Energy has been SO quiet, combined with the weak price performance, I would say SYMPTOMS are showing!
There is a strong lack of what shareholders think of them. If this is the mindset NEAL ALLEN is going to have don't think the business will survive long term/short term. The price dictates that sentiment and the 10k might as well...
10k out any day now!
MANY NEW PHOTOS OF NEAL ALLEN, MICHEAL WATKINS & LEESHAN RAMASAMY all wearing Dominovas Energy hats and shirts
12 NEW PHOTOs are for the new division;
http://dominovasenergy.com/currentergy/gallery/
MANY NEW PHOTOS OF NEAL ALLEN, MICHEAL WATKINS & LEESHAN RAMASAMY all wearing Dominovas Energy hats and shirts with Ramasamy wearing a DOM jumpsuit.
12 NEW PHOTOs are for the new division;
http://dominovasenergy.com/currentergy/gallery/