Dominovas Energy Rollercoaster Ride is approaching its Finish Line - BrokerBank Securities
NEW YORK, July 1, 2015 /PRNewswire/ -- Dominovas Energy Corporation (OTCQB: DNRG) a leading power solutions provider to emerging markets around the world, recently announced that it has landed a new partnership with the United States government. Specifically, Dominovas Energy Corporation has been named as the first, and only, Fuel Cell Company selected as a Private Sector Partner to President Barack Obama's Power Africa Initiative. The Power Africa Initiative (PAI) is a multi-stakeholder partnership comprised of over 100 private sector partners. However, the Power Africa Initiative scope is, in fact, more expansive than the initial six countries previously reported. Power Africa is designed to provide support for all countries in sub-Saharan Africa, but in the first year offered intensive regulatory reform support and technical assistance to an initial set of six Power Africa focus countries - Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania. These countries signed Memoranda of Understandings with Power Africa, which reflect the strong commitment of African governments to engage in policy and regulatory reform, and in particular to implement critical energy sector reforms. Through PAI, public sector agencies / entities maintain an express intent to nurture and accelerate private sector investment in sub-Saharan Africa's power sector over the next several years.
Throughout this time and as part of its commitment to the Power Africa Initiative, Dominovas Energy intends to support and advance Power Africa goals by providing access to clean, reliable energy; partnering with specific universities in sub-Saharan Africa to train and hire local citizens as engineers and technicians, as necessary for the installation, service, and ongoing maintenance of the RUBICON™; and providing sub-Saharan countries with access to distributed, off-grid electricity on a multi-megawatt scale.
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