AEHI - Alternate Energy Holdings (AEHI) Gets County Green Light to Move Forward on Idaho Nuclear Plant
Jul 17, 2007 9:15:00 AM
LYNCHBURG, VA -- (MARKETWIRE) -- 07/17/07 -- Alternate Energy Holdings (PINKSHEETS: AEHI) announced that the Owyhee County Commission voted unanimously to accept an application from AEHI to construct a nuclear plant near Grand View, Idaho. The project previously obtained the necessary land and funding. Local and federal processes for the plant will now run concurrently, with the Nuclear Regulatory Commission approval being the last major milestone before construction. AEHI Chairman and CEO Don Gillispie stated, "This is a key step in the process to obtain cost-effective, safe, clean and reliable power for the county, Idaho and the region."
About Idaho Energy Complex Corporation (www.idahoenergycomplex.com)
The Idaho Energy Complex, a holding of AEHI, is a proposed $3.5 billion commercial nuclear power plant/bio-fuel generation facility to be constructed on a designated site near Grand View, Idaho. The electricity provided by the nuclear plant would be sufficient to power Idaho's growing needs and allow the elimination of fossil fuels for current power production. Additionally, excess heat from the nuclear reactor would be used to produce ethanol and methane from local crops and agricultural waste.
About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)
Alternate Energy Holdings actively acquires private green energy companies, as well as develops and markets innovative clean energy sources. Current projects include nuclear construction, bio-fuel generation, a safe and effective system for removing carbon dioxide from coal and natural gas plants emissions, and marketable lightning harvesting technology for electricity production.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, 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 the forward-looking statements included in this press release will prove accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation that the objective and plans of AEHI will be achieved.
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