AEHI Signs Extension on Purchase Agreement for Nuclear Power Plant Site
BOISE, IDAHO – June 24, 2013: Alternate Energy Holdings, Inc. (OTC:AEHI; www.aehipower.com) announced today that the company signed a one-year extension on a purchase agreement for the site property in Payette County, Idaho for a proposed nuclear power plant.
The site was locally approved for the building of the proposed plant in 2011 by the Payette County Commission. With the extension AEHI will have additional time to close on potential funding in order to purchase the property and move forward with the federal licensing process and eventual construction.
In addition to the site purchase agreement, Enercon Services, Inc., one of the country’s leading nuclear engineering firms, has also been contracted by the company to prepare and submit the Combined Operating License Application (COLA) to the Nuclear Regulatory Commission, which involves completion of all site investigation and documentation activities required for the site property.
The site comprises a 4,943 acre parcel of property adjacent to Big Willow Road and Stone Quarry Road east of New Plymouth, Idaho.
About Alternate Energy Holdings, Inc. (http://www.aehipower.com) -- Alternate Energy Holdings develops and markets innovative carbon-free energy sources. The company is the nation's only publicly traded independent nuclear power plant developer seeking to build a new nuclear power plant; Idaho Energy Complex is the lead project. Other business units include Energy Neutral(R), which reduces energy demands for homes and businesses using primarily renewables (http://www.energyneutralinc.com) and Green World Water(TM), which markets nuclear desalination reactors primarily to developing countries for production of potable water, power generation and other suitable applications (http://www.greenworld-h2o.com).
Safe Harbor Statement: Statements in this press release which are not purely historical, including statements regarding Alternative Energy Holdings’, intentions, hopes, beliefs, expectations, representations, projections, plans or predictions of the future are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. As such, they are subject to risks and uncertainties that could cause our results to differ materially from those expressed or implied by such forward-looking statements. . The forward-looking statements involve risks and uncertainties including, but not limited to, the risk the company may not raise sufficient money to fund the costs and expenses of the COLA application process, the risk that the company may experience delays in the COLA application process and the risk that the COLA application will not receive regulatory approval. Our business could be affected by a number of other factors, including the risk factors listed from time to time in the company's SEC reports including, but not limited to, the annual report on Form 10-K for the fiscal year ended December 31, 2011. The company cautions investors not to place undue reliance on the forward-looking statements contained in this press release. Alternate Energy Holdings, Inc. disclaims any obligation, and does not undertake to update or revise any forward-looking statements in this press release.
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