Dominovas Energy Corp. (DNRG)

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Postby QualityStocks » Fri Oct 17, 2014 2:58 pm

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Re: Dominovas Energy Corp. (DNRG)

Postby QualityStocks » Tue Nov 08, 2016 4:58 pm

Dominovas Energy Corporation (DNRG) Aims to Secure Natural Gas Supply in Johannesburg

Before the opening bell, Dominovas Energy Corporation (OTCQB: DNRG) announced that Michael Watkins, its chief operating officer and president of its fuel cell division, was recently dispatched to meet with a natural gas supplier in South Africa. Through this meeting, Dominovas Energy intends to secure a natural gas supply in order to facilitate the planned installation and operation of its RUBICON™ solid oxide fuel cell technology, including both the previously announced 50kW demonstration unit at the University of Johannesburg and additional commercial deployments currently in the company’s pipeline.

“My meetings were attended by key decision makers that highlighted their interest not only in expanding their distribution and sales of their product, but they also exhibited a true knowledge of and interest in the RUBICON’s ability to further expand consumer’s choices for electricity delivery,” Watkins stated in this morning’s news release. “The possible interaction between our companies would allow for an expanded market for them, as well as a profitable and sustainable market for the RUBICON™.”

The plan to secure a natural gas supply in South Africa comes after Dominovas Energy’s initial fuel solution of liquefied petroleum gas (LPG) was found to be problematic. LPG available in the region was found to be highly inconsistent in overall quality, and its transport created a number of logistical concerns that would hamper the viability of Dominovas Energy’s RUBICON™ technology moving forward. Using readily available natural gas as a fuel source, on the other hand, is expected to set a foundation for the company’s forward growth throughout Johannesburg and the surrounding region.

In addition to meeting with a natural gas supplier, Watkins visited with Dr. Tien Chien Jen, a professor with the University of Johannesburg’s Department of Mechanical Engineering, to further discuss the development of a research institute for the study of fuel cell systems at the University. Watkins also offered an update on the status of the ongoing natural gas supply discussions, which serve as a precursor to the highly-anticipated deployment of the 50kW RUBICON™ demonstration unit to the University of Johannesburg campus.

This morning’s announcement follows an update late last month that Dominovas Energy gave a successful presentation on the analysis of its Energy Solutions Survey to the University’s Central Technical Services Department. The survey, which aimed to identify the overall state of the institution’s energy usage, allowed Dominovas Energy to evaluate the ‘true’ cost of electricity and thermal generation on the campus while demonstrating the benefits that the RUBICON™ system could offer in terms of both capacity and efficiency.

For more information, visit www.DominovasEnergy.com
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Re: Dominovas Energy Corp. (DNRG)

Postby QualityStocks » Mon Nov 21, 2016 3:24 pm

Dominovas Energy Corporation (DNRG) Announces Partnership with Leading Natural Gas Supplier in Johannesburg

Before the opening bell, Dominovas Energy Corporation (OTCQB: DNRG) announced that it has executed a Memorandum of Understanding (MOU) with South Africa-based Egoli Gas (Pty) Ltd outlining terms for the reliable supply of natural gas, as required for the operation of the company’s proprietary RUBICON™ Solid Oxide Fuel Cell (SOFC) system. Natural gas delivered as a result of this MOU is expected to support both the upcoming RUBICON™ demonstration unit at the University of Johannesburg and any additional units to be installed throughout South Africa’s largest city.

This morning’s announcement comes nearly two weeks after Dominovas Energy announced that Michael Watkins, the company’s chief operating officer and president of its fuel cell division, was dispatched to meet with a natural gas supplier in South Africa. At that time, Dominovas Energy gave investors some insight into its decision to forego the use of liquefied petroleum gas (LPG) for its upcoming installations in favor of natural gas. The company noted that the use of LPG was found to be problematic in the region “because of inconsistencies in the quality of the LPG, as well as the overall lack of logistics to support the delivering of LPG in South Africa.”

This fuel flexibility demonstrates one of the biggest advantages of the RUBICON™ in providing reliable power generation capacity throughout sub-Saharan Africa. According to Dominovas Energy’s website, the SOFC technology behind the RUBICON™ can be powered through the use of a wide variety of fuel sources, including hydrocarbon fuels such as diesel, natural gas, propane, ethanol and methanol, as well as bio-derived fuels and pure hydrogen.

“Identifying and evaluating the proper fuel source for the RUBICON™ is of paramount importance for the execution of the Company’s business model in South Africa,” Watkins stated in this morning’s news release. “After having identified all integers and eliminating the main barrier for the commercial deployment of the RUBICON™, I am quite excited to have secured an extraordinary and well respected Company who will be a cornerstone infrastructure partner that sets the stage for the installation of the RUBICON™ in South Africa.”

In the coming months, Egoli Gas will install the infrastructure required to support a dedicated natural gas pipeline on the campus of the University of Johannesburg. Per this morning’s update, Egoli Gas anticipates that the pipeline will be complete and ready for operational use by April 1, 2017. The installation and use of this supply line are expected to serve as a demonstration of the benefits of effective natural gas use, creating a foundation upon which Dominovas Energy and Egoli Gas will look to develop a long-term partnership resulting in the installation of additional multi-MW scale projects within Johannesburg and across the country.

“We have been working with Dominovas Energy to solidify our relationship and to identify the scope of our contribution to the first-ever SOFC systems in South Africa,” Tyusha Monde, managing director of Egoli Gas, added in this morning’s news release. “The opportunity to supply natural gas for the RUBICON™ and to become a long-term gas supplier for Dominovas Energy’s future projects in Johannesburg and throughout South Africa is, indeed, exciting and a step of monumental proportions for us at Egoli Gas.”

For more information, visit www.DominovasEnergy.com
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Re: Dominovas Energy Corp. (DNRG)

Postby QualityStocks » Wed Nov 30, 2016 3:24 pm

Dominovas Energy Corporation (DNRG) Continues Discussions Regarding Deployment of 650MW Power Plant in Madagascar

Before the opening bell, Dominovas Energy Corporation (OTCQB: DNRG) announced the completion of a recent business trip to the Republic of Madagascar. The visit, which coincided with the Francophonie Summit 2016 in the nation’s capital city of Antananarivo, featured continued discussions between Neal Allen, chairman and CEO of Dominovas Energy, and officials within the Madagascan government regarding the potential deployment of a “nation-changing” 650MW power plant. According to this morning’s update, it’s anticipated that Dominovas Energy and the Government of Madagascar will soon enter a binding Memorandum of Agreement that defines the specific deliverables and responsibilities of each party as it pertains to the installation, deployment and operation of this power plant within the company’s BOOTT (Build, Own, Operate, Train, Transfer) construct.

“Several countries were considered by Dominovas Energy as a possible ‘ground zero’ for this power plant, but Madagascar has exhibited an unyielding commitment to this project from the initial introduction of the opportunity and has put in place exceptionally competent people to shepherd this project,” Allen stated in this morning’s news release. “From the beginning, President Rajaonarimampianina recognized the significance of this project and further, if successfully deployed, its paramount importance for Madagascar’s short and long term national development.”

News of the Madagascar meetings closely follows Dominovas Energy’s filing of a Form 8-K chronicling the execution of a reciprocal letter of interest (LOI) with the Madagascan government for the deployment of a baseload power supply. After meeting with several key officials within the nation’s government, including President Hery Rajaonarimampianina and Minister of Energy Lieutenant-General Herilanto Raveloharison, Dominovas Energy will now turn its attention toward perfecting all feasibility studies related to the proposed 650MW power plant before executing the documents required to support a successful financial close in 2017. The company expects to secure the requisite funding within the next several months ahead of the subsequent commencement of construction operations.

For the Republic of Madagascar, installation of this power project is expected to present substantial macroeconomic benefits. In addition to ending the country’s long-standing energy deficit, which has been a primary goal of President Rajaonarimampianina, the energy capacity generated through this installation could serve as an ignition source for local mining, manufacturing and resort enterprises, effectively energizing and supporting Madagascar’s national economy. Comprehensively, the increase in power production that could stem from this agreement, along with the anticipated revival of the manufacturing and mining sectors, is forecast to play a key role in the creation of more than 3,000 construction jobs and a “significant number” of long-term employment opportunities.

“This project is of paramount importance for Madagascar’s national development,” continued Allen. “Dominovas Energy’s investment will support a multitude of opportunities moving Madagascar from its current modality, to a substantial global economic competitor. We are honored and equally excited to have the privilege to begin this journey with Madagascar.”

For more information, visit www.DominovasEnergy.com
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Re: Dominovas Energy Corp. (DNRG)

Postby QualityStocks » Thu Apr 13, 2017 8:54 am

Dominovas Energy Corporation (DNRG) Invited to Execute 18MW Hydroelectric Project in the Republic of Angola

Leading power solutions provider Dominovas Energy Corporation (OTC: DNRG) announced in a Wednesday morning news release that it has received an invitation from the Angolan Ministry of Energy and Water (MINEA) to secure the exclusive right to an 18MW hydroelectric project. In total, the hydro project will represent an estimated investment of $90 million into Angola’s energy sector, with annual production capacity exceeding 150 million kilowatt hours (kWh).

“Dominovas Energy's leadership remains committed to powering Africa,” Vassilis Koutras, Dominovas Energy’s Managing Director, Africa, stated in the news release. “This project is yet another example of our commitment, and it is nice to have completed this phase in the negotiations with the government of Angola. The Dominovas team has been relentless in its efforts in Angola, to deliver this project. Long in the making, yes, but well worth the wait.”

For the Republic of Angola, the hydro project is expected to mark a significant step toward the delivery of continuous, reliable and efficient electricity to its citizens. Currently, the African nation’s electricity rates often exceed $0.20/kWh due to overburdened infrastructure. For comparison, the average price of electricity in the United States is about $0.12/kWh, according to data from the U.S. Energy Information Administration.

“Angola and its leadership has long been at the table with Dominovas Energy in an effort to determine a precise solution that benefits both parties,” added Neal Allen, chairman and CEO of Dominovas Energy. “We do not take this selection lightly and look forward to moving to execution and implementation with each of the venerable, 'Best-In-Class' partners that will work with us to deliver this power plant.”

Looking forward, the next steps toward the installation of Dominovas Energy’s proprietary ORCAS™ (Ocean River Current Access Solutions) power generation platform will include the completion of appropriate banking feasibility studies, as well as the negotiation of all off-take agreement terms and conditions, which will be supported by government guarantees covering the company’s investment in the proposed power plant and related infrastructure. Dominovas Energy intends to fund the project under a $1.2 billion financing agreement with Graecrest Energy Solutions and its partners, which the company originally announced on October 27, 2015.

Wednesday’s update marks a significant milestone for Dominovas Energy following the launch of its hydroelectric-focused Currentergy division last May. At the heart of this division is the company’s ORCAS™ system, which it notes is “platformed upon the most advanced and effective hydropower technologies available today.” Notably, the ORCAS™ system is designed to enable both on-grid and off-grid clean energy flexibility for the generation of sustainable electricity from river-based power generating systems.

For more information, visit www.DominovasEnergy.com
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