Dominovas Energy Corp (OTCMKTS:DNRG), a leading public traded company, is looking forward to tapping new strategic financing partners. As per the reports, the announcement has come as a part of Power Africa initiative.
Insights On Matter:
Dominovas Energy Corp is a leading private sector partner; hence, it looks forward to executing direct access to direct access to the committed government of Power Africa, private and public sector lenders, etc. Some of the leading names that the company is targeting include Goldman Sachs, Standard Bank, Barclays, etc. Other global development finance institutions (DFIs) in company’s target list are the Africa Development Bank (AfDB) and Overseas Private Investment Corporation (OPIC).
All the institutions mentioned above focus completely on deploying funds in sub-Saharan Africa to support various power sector projects. To run all the investment and project finance activities, deployment programs, capital investments and other coordination activities, the management of Dominovas Energy has decided to appoint Eric Fresh as the head of the program. Fresh previously worked in GE Capital and came with a huge experience of running such critical projects.
In a recent interview, Fresh stated that as a part of Power Africa project, his primary objective would be to employ required resources in an effective way so that the project could be concluded successfully. Dominovas Energy has the support of world-class leaders and ample debt and equity financing with respect to this power sector project to ensure that its RUBICON systems can be deployed throughout sub-Saharan Africa.
As of now, when major financial institutions make available their funds for different projects in African region at annual rates of 18-20%, most of the infrastructure projects require the involvement from DFI community. Dominovas Energy Corp (OTCMKTS:DNRG) wants to ensure that this credit procedure becomes easy in the coming months so that the growth rate of critical projects can go higher than what it is now.