jump to navigation

AEHI Provides Business Update and Recap of Key Milestones Major Progress Achieved Towards Local Approval of Nuclear Reactor May 20, 2010

Posted by cleanidahoenergy in AEHI, approval process, desalination, economic benefits, Elmore County, Energy policy, nuclear industry, nuclear jobs, Nuclear Regulatory Commission, Payette County, public opinion.
Tags: , , , , , , , ,
add a comment

BOISE, Idaho, May 20, 2010 (GlobeNewswire via COMTEX) — Alternate Energy Holdings, Inc. (OTCQB:AEHI) today provided a business update for the first quarter of 2010. Key operational highlights include:

— Payette County, Idaho Board of Commissioners unanimously approved changes to the county’s comprehensive plan to allow development of a nuclear power plant

— Elmore County, Idaho Planning and Zoning Commissioners officially approved a change to the county’s comprehensive plan paving way for final approval of AEHI’s proposed nuclear power plant by the County Board of Commissioners — Agreement with China National Nuclear Corporation (“CNNC”) to produce and market nuclear desalinization reactors internationally

— Agreement to work with Dalian Shipbuilding and Equipment Manufacturing Company, Ltd. (“DSIC EM”) to qualify and market various large-sized manufacturing components for use in the international energy industry

— Completed construction of company’s first Energy Neutral(TM) home designed and built specifically to be energy neutral but at a total cost that is both affordable and comparable to that of traditional building techniques

— As of March 31, 2010, AEHI had approximately $3.5 million of cash and no long-term debt

“We continue to make rapid progress on our plans to permit and construct a nuclear reactor in Idaho, through our Idaho Energy Complex (IEC) subsidiary,” said Don Gillispie, AEHI CEO. “Most recently, in May 2010, the Payette County, Idaho Board of Commissioners unanimously approved changes to the county’s comprehensive plan in order to allow development of a nuclear power plant at our site, and we expect final local approvals in 2010. Additionally, in April 2010, at our backup site in Elmore County, the Planning and Zoning Commissioners officially approved a change to the county’s comprehensive plan that paves the way for final approval of AEHI’s proposed nuclear power plant by the Board of Commissioners expected later this year. These two milestones illustrate the broad public acceptance and support for our projects.

“At the same time, we are making progress on a number of additional fronts. Most recently, we announced a major agreement earlier this week with CNNC to produce and market nuclear desalinization reactors internationally. We are already in discussion with several countries in need of clean, potable water as well as the ability to generate affordable and sustainable ‘green’ energy. Last month, we signed an agreement to work with DSIC EM to qualify and market various large-sized manufacturing components for use in the international energy industry.

“We also completed construction of the company’s first Energy Neutral home, a radical departure from traditional building techniques because it was designed and built specifically to be energy neutral yet at a total cost that is both affordable and comparable to that of traditional building. Our Energy Neutral model home is generating significant media attention as well as franchisee interest from both residential and commercial builders locally and around the nation. Our Energy Neutral business could quickly become a source of revenue and cash flow for us as we pursue our broader initiatives.

“Overall, we are extremely excited about the outlook for the business and believe the future for AEHI is brighter than ever. Although the domestic U.S. nuclear industry has been long dormant, our experience and early lead combine to create a powerful competitive advantage in this rapidly reemerging market that will enable us to exploit growth trends in coming years. Moreover, our unique positioning as a deregulated nuclear plant that can take full advantage of market pricing for energy means we have the ability to generate very attractive rates of return from this investment. The coming resurgence in the industry’s prospects is best evidenced by the additional loan guarantees and strong support for nuclear development by the current Administration in Washington. Moreover, we have a strong international foothold as evidenced by our partnerships in China and elsewhere. These strategic relationships provide further validation of our market leadership and help to establish a foundation for long-term growth,” concluded Gillispie.

About Alternate Energy Holdings, Inc. (http://www.alternateenergyholdings.com/) — Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral, which removes energy demands from homes and businesses (http://www.energyneutralinc.com/), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. AEHI Korea, Seoul, is encouraging Korea to export their APR 1400 reactor into the U.S. and achieve NRC design certification. “Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.

Back on the NRC schedule! March 30, 2010

Posted by cleanidahoenergy in AEHI, nuclear jobs, Nuclear Regulatory Commission.
Tags: , ,
add a comment

Nuclear Regulatory Commission recognizes AEHI project in Payette

Eagle, Idaho: Alternate Energy Holdings, Inc. (AEHI:OB) – The Nuclear Regulatory Commission has officially recongnized AEHI’s proposal to build a nuclear power plant in Payette County, Idaho.

“This is something we’ve been waiting for the NRC to do for quite sometime,” said Don Gillispie, CEO of AEHI, “Until now the agency has had our Idaho project site listed in Hammett, which has needed correcting for several months.”

AEHI’s listing with the NRC can be viewed on the agency’s list of “New Reactor Licensing Applications”, which can be found on the NRC website at http://www.nrc.gov/reactors/new-reactors/new-licensing-files/new-rx-licensing-app-legend.pdf.

The project remains a very highly anticipated proposition for people living in and around Payette County. According to a recent study, the project will introduce $5.3 billion dollars into the Idaho economy, through construction, $4.8 billion of that revenue will flow directly into Payette County.

Employment opportunities also remain a high point. An estimated 5,000 jobs will be created through the construction process, and more than a thousand positions will be made available through operations, with average pay hovering around $80,000 a year.

About Alternate Energy Holdings, Inc.: (www.alternateenergyholdings.com) Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generation), and International Reactors, which assists developing countries with nuclear reactors for power generation, production of potable water and other suitable applications. AEHI China, headquartered in Beijing, develops joint ventures to produce nuclear plant components and consults on nuclear power. AEHI Korea, Seoul, is helping negotiate with KEPCO. “Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.