AEHI Expects Idaho Nuclear Site Approval Soon and Seeks New States to Build More Plants to Address "Global Warming"
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| Posted
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Fri, 30 Oct 2009 13:15:29 GMT |
| Author
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Alternate Energy Holdings, Inc. |
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BOISE, ID -- 10/30/09 --
Alternate Energy Holdings, Inc. (PINKSHEETS: AEHI): AEHI projects at least one of their Idaho nuclear sites will receive
local approval early in the first quarter of 2010. The approval will
trigger investments predominantly from international sources for the plant
site.
In addition to the Colorado site, the company is seeking other states that
have indicated interest in an advanced reactor including Arizona, New
Mexico, Oklahoma, Nevada and Utah.
Don Gillispie, AEHI CEO and a 45 year nuclear industry veteran, said, "The
EPA recently projected 180 new nuclear reactors would be needed to
significantly reduce US emissions and meet energy needs by 2050. However,
they did not consider that most of the nation's 104 nuclear reactors would
be past their useful life. Therefore, almost 300 new reactors would
actually be needed while only 30 or so are planned. If the large regulated
utilities are not going to help with this challenge by replacing their coal
plants with clean nuclear, we certainly are willing and actively seeking
new sites and investors to help address this critical problem. If we build
electric cars to reduce emissions, but our utilities continue to build
carbon power plants like coal and natural gas we have gained nothing
environmentally."
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. Also, AEHI China,
headquartered in Beijing, develops joint ventures to produce nuclear plant
components and consults on nuclear power.
"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.
US Investor Relations:
Alternate Energy Holdings, Inc.
208-939-9311
Email Contact
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