QualityStocks today announces the availability of a new audio interview with Mr. Eric Fresh, Senior Vice President of Finance and Investments for Dominovas Energy Corporation (OTCQB: DNRG). The interview can be heard at www.QualityStocks.net/interview-dnrg.php.
At the forefront of Dominovas Energy’s mission to deliver clean, efficient and reliable electricity to areas of the world that lack this valuable commodity is the Company’s proprietary technology, the RUBICON™, and its visionary leadership. Fresh begins the interview by discussing his own expertise, how it applies to the Company’s vision, and why he believes Dominovas Energy is positioned for success.
“What brought me to Dominovas Energy initially was the opportunity to work with an extraordinary executive suite. The Company’s vision to deploy its RUBICON™ system globally was indeed exceptional… I’ve worked on more than $4 billion of structured debt and equity transactions for projects all over the world. Most of those were directly related to power generation in the energy sector. Dominovas Energy, as a company, is poised and positioned for unprecedented success in the global power sector,” asserted Fresh.
Dominovas Energy is the first and only fuel cell company selected as a private sector partner to President Barack Obama’s Power Africa Initiative (PAI). Fresh describes how the Company’s partnership with Delphi Automotive Systems validates a robust supply chain in the manufacture of its solid oxide fuel cell stacks, which is the heart of the RUBICON™ system, and how its deployment fits into the broader value created to impact both domestic and foreign economies.
“Collectively, with our OEM partners, we have a significant, vested interest in the successful deployment of our RUBICON™ systems throughout sub-Saharan Africa… consider the relationship with our U.S.-based OEM partner Delphi Automotive Systems. Our relationship presents a broad-based value proposition. The engagement of Delphi secures the Company’s supply chain relative to its most critical component: the production of fuel cell stacks. This partnership affords Dominovas Energy a capability well beyond any other fuel cell company in the market,” he explains.
As further mentioned in the interview, Dominovas Energy has signed more than 200MW of guaranteed PPAs, establishing the base of production that promotes “efficient and cost-effective” manufacturing of the Company’s proprietary RUBICON™ system. Fresh notes that ongoing production and manufacturing of the system will create a hearty global supply chain and stimulate global job expansion while supporting the PAI to create greater access to electricity in sub-Saharan Africa.
Fresh also eased concerns regarding how U.S. Export Import Bank’s charter not being re-authorized impacts the financing of RUBICON™’s deployment.
“We see no immediate impact as the Company has not to date initiated any financing sequences with them. However, it is indeed unfortunate that the U.S. Ex-Im Bank’s charter has not been reauthorized, as Ex-Im has been, and is, a critical component of many U.S. companies that are engaged in international commerce.”
Dominovas Energy is however actively engaging several Power Africa Partners, both private and public, that are steadfast in their commitment relative to financing project development and deployment of RUBICON™ systems in sub-Saharan Africa. These Initiative Partners include Goldman Sachs, Barclays Africa, the Overseas Private Investment Corporation (OPIC) and Africa Development Bank (AfDB).
“Ultimately, each of the institutions that we engage are engaged specifically because they have mandates which are inclusive of being focused on deploying capital to support further development of power infrastructure projects in sub-Saharan Africa,” says Fresh.
Turning to expenses associated with deployment, Fresh provides an account of the variables that affect the costs to install power generation based upon the RUBICON™.
“The RUBICON™ is a precision engineered and highly customized next-generation technology that produces clean, reliable and sustainable electricity in global emerging markets… many of these markets lack the infrastructure for basic access to electricity, so our customizable, modular, megawatt-scaled RUBICON™ units are ideal, as there’s no reliance on antiquated legacy transmission infrastructure,” reminds Fresh.
Fresh concludes the interview by addressing what some would perceive as challenges to obtaining financing of projects in the Democratic Republic of Congo (DRC), and how the company is providing an unprecedented number of megawatts.
“Financing such a large deployment is not as much a challenge, as it is a spectacular opportunity for Dominovas Energy. The DRC is a country rich with potential. It is indeed that potential that presents an unprecedented opportunity for Dominovas Energy. Through years of cultivating relationships at the highest levels in government, we are now realizing the fruits of that labor with the prospect of adding to those resources, in a very significant way; mind you, by delivering power with attendant financial support,” says Fresh. “The Company is continually enhancing and cultivating its financial relationships along with its ability to execute in the DRC.”
Again, the interview can be heard at http://www.QualityStocks.net/interview-dnrg.php.
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