BOISE, Idaho, Aug. 11, 2010 (GLOBE NEWSWIRE) -- Chief Executive and Chairman Don Gillispie of Alternate Energy Holdings, Inc. (OTCQB:AEHI) (www.aehipower.com) discussed the company's focus on developing and marketing clean energy sources through core enterprises that include the Idaho Energy Complex, which puts the Eagle, ID-based firm in the forefront as the first publicly-traded independent company proposing to build a commercial nuclear power plant in the U.S.
AEHI's founder also talked about the company's Green World Water™ subsidiary (www.greenworld-h2o.com), the only commercial venture in the world actively marketing a nuclear desalinization system, and the company's pending joint venture with Hyperion Power Generation to manufacture small, modular reactors in China. Gillispie made these comments in a recent interview with CDTV.net (www.CDTV.net), a New York-based online financial network, hosted by John Hanna. The interview is also posted on YouTube in two parts: http://www.youtube.com/watch?v=jmHAEMe4ols and http://www.youtube.com/watch?v=YF-mbHvpfTQ
Here are highlights of Gillispie's interview:
- The proposed construction of AEHI's $10 billion Idaho Energy Complex in Payette County, as recognized by the Nuclear Regulatory Commission (NRC), is on a 5,300-acre parcel with an adjacent 6,000-acre backup site. Local approvals are expected by the end of 2010; the NRC application process should be completed by the fourth quarter of 2011; and the plant is expected to be operational in 2018.
- AEHI plans to use a combination of investor funds and loans in two phases of this project. Phase 1 requires about $100 million to pay for land, water, engineers, lawyers and the NRC applications. Phase 2 is expected to take place after AEHI receives local and federal approval. Once approved, the property is projected to increase in value to about $1.5 billion. The land can then become an asset used to borrow most of the $8 billion to $10 billion, which is needed for construction. At full capacity, the plant is projected to create about $3 billion annually in profits for 60 years.
- Green World Water™ was created in May 2010 as a result of an exclusive partnership through AEHI China with China National Nuclear Corporation (CNNC), through its subsidiary China Zhongyuan Engineering Corporation (CZEC) to produce and market the world's first large commercial nuclear desalinization reactors, which include the latest safety features. GWW systems were designed to desalinate large amounts of water and electricity per day, and at a low cost.
- Hyperion, well-known for designing a small, modular reactor – about the size of a refrigerator – approached AEHI to help it sell and market the reactor in China because AEHI management has an unmatched reputation with CNNC, the country's premiere government-run nuclear company. Each reactor is designed to produce 25 megawatts of power, which is enough power for about 20,000 households, and it's stackable.
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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