Dominovas Energy Corporation announced the execution of a 3MW, multi-year guaranteed Power Provider Agreement (PPA) to provide electricity to the City of David, in the Democratic Republic of the Congo, via its proprietary RUBICON Solid Oxide Fuel Cell system. The City of David is a public-private partnership (PPP), between the government of the Democratic Republic of Congo and the company. The Project is being supported and promoted by the Governor of the State of Katanga in the Democratic Republic of Congo, and represents the first of many efforts the Governor is pursuing across his State to increase the availability of affordable housing and social facilities.

The physical deployment of the RUBICON in the Democratic Republic of Congo is revolutionary and is expected to begin in fourth quarter of 2016. The 3MW installation is the large single deployment of fuel cell technology on the continent of Africa, and it represents a paradigm shift in the Democratic Republic of Congo's approach to addressing concerns regarding harmful carbon emissions, and to reducing the ever-expanding equipment maintenance and inefficiencies that are associated with increased costs, as are endemic with power generation from diesel generators and combined-cycle gas-fired turbine (CCGT) power plants. 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 $100 million in guaranteed revenue to Dominovas Energy over the multi-year term PPA.