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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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About Alternate Energy Holdings

Alternate Energy Holdings, Inc. (OTCQB:AEHI) is a unique corporation founded by senior executives in the nuclear and utility industry. The company was formed to address the mounting energy crisis affecting the U.S. economy. AEHI is now the parent company of three key subsidiaries, Idaho Energy Complex, Green World Water™ and Energy Neutral™. These are designed to specifically address the worldwide needs for clean energy through nuclear and renewable sources and the ever-increasing need for clean drinking water. Idaho Energy Complex is a key project for AEHI, which involves the building of a nuclear power plant in Payette County Idaho. Green World Water has designed the first commercially-available nuclear desalination system while Energy Neutral builds and retrofits homes and commercial buildings with renewable sources to reduce or eliminate energy bills.

 

For information about AEHI and our leadership, please go to the Company Information page.

 

The Idaho Energy Complex

Working to build a brand new nuclear power plant in Idaho

The Payette Site 

This project involves building a nuclear power plant on a 5,300 acre parcel near Big Willow Road and Stone Quarry Road in Payette County, Idaho. The nearest town is New Plymouth, Idaho. 

 

Currently the site is undergoing the local site approval process, which involves changing the county's comprehensive plan and eventually rezoning the property from agricultural to industrial.

 

"A business like AEHI is exactly what we need in Payette and by extension Payette County. It is the same reason I put my support behind this company. In my opinion, AEHI's leadership is steeped in nuclear power, with people who spent their entire careers in the nuclear industry. They have built and maintained power plants around the nation and I look forward to them bringing that same success to our community. As they succeed, so will our county and the people who live in it," said Jeff Williams, Chamber member and Mayor of Payette. 

 

Click here for a report detailing substantial, positive economic impacts on the community.

 

 

 

Green World Water™(GWW™) is operated by a group with over 200 combined-years in the nuclear industry.  GWW™ offers a fully-functional nuclear desalination unit that was designed for, and is now finally available to, a world-wide market.  The GWW™ system is the only commerially viable system with the capacity, affordability and necessary safety standards to produce large amounts of clean water and power.

 

 

 

We believe that by using renewable energy sources combined with conservation, we can make a big difference in reducing a home's footprint, while contributing to the growing need for additional sources of power.  First and foremost we are craftsmen dedicated to the environment. We are builders with a lifetime of experience in constructing the most energy-efficient homes.

 

Company Newsletter

 

Fuel For Thought

Inroducing New AEHI President J. Peter Honeysett

 

Honeysett Introduced as New President, November 16, 2012

 

Pete Honeysett started his experience in the nuclear industry over 30 years ago with Florida Power and Light at their St. Lucie Nuclear Power Plant in Jensen Beach, Florida. Three years after joining the company he earned his Reactor Operator license completing extensive training and passing rigorous examinations through the stringent Nuclear Regulatory Commission (NRC) process. He later achieved distinction by earning his Senior Reactor Operator license. As a senior licensed operator he has been involved in all aspect of nuclear plant operations throughout his career including the responsibility of overseeing the operations of the two nuclear reactors at St. Lucie.

 

Click to read entire bio.

 
 

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