BOISE, Idaho, Aug. 10, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com), an independent developer of large-scale nuclear and green energy projects including nuclear power plants and nuclear desalination reactors, based in Eagle, Idaho, today announced its plans to move forward exclusively on a proposed nuclear power plant in Payette County, Idaho and, in turn, has withdrawn its zoning application in Elmore County, Idaho.
The company recently selected a new Idaho backup site adjacent to the current site in Payette County to replace the Elmore site. The new backup site is much larger, with superior water rights and transmission rights-of-way when compared with the Elmore site.
"Our plans to permit and ultimately construct a nuclear reactor in Payette have progressed very smoothly, and we have been very pleased with both the pace of local approvals and the level of local support for the project. In less than a year, Payette County Commissioners approved initial rezoning measures and they are already moving forward on the final application process. Recent hearings have shown support among residents often surpassing 80 percent. Based on that level of support and pace of local approvals, we decided to focus our time and resources exclusively within Payette County. We are encouraged by the prospects for final local approval this year or early 2011," said Don Gillispie, AEHI CEO.
According to a recent study, the proposed plant is expected to create around 5,000 jobs through the construction phase and more than 1,000 jobs during operations. Pay levels for those jobs will average $60,000 and $80,000, respectively.
Revenue for the county and state during the construction phase alone is projected to increase Idaho's GDP by some $5.3 billion inclusive of $4.8 billion that would flow directly through Payette County.
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(TM), which removes energy demands from homes and businesses (http://www.EnergyNeutralinc.com) Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), which assists developing countries with nuclear reactors for power generation (http://www.GreenWorld-H2O.com), 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.
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