Yes, You must remove the password from "app.ini" & create a Database by going to:
Code:
http://127.0.0.1/phpmyadmin
Then click the "Database Tab".
Then Type in "DarkOrbit". Then click "Create"
Next click the "Import Tab".
Next Click the "Choose File" Button and select your .sql file.
If you do not have a "Darkorbit.sql" file, download my attachment below.
Next, Click the "Go" Button.
Now lets check if the file was imported successfully. Just click the "darkorbit" tab.
Then you should see this:
Hopefully I helped you out. Good luck with your Private server! :P