Alternate Energy Holdings seeks approval for Idaho nuclear power plant site

Boise, Idaho, November 10, 2010 — The first final local approval hearing for the Payette, Idaho nuclear power plant site has been scheduled, according to Alternate Energy Holdings.

Payette County planning and zoning commissioners set December 2, 2010 as the beginning of public testimony before they can rezone the proposed site from agricultural to heavy industrial.

Planning and zoning commissioners approved the initial rezone phase in favor of AEHI by a broad majority. During that stage they indicated that should they approve the final rezone the site must only be used for a nuclear power plant.

AEHI filed its rezone application in late June, which has since been thoroughly reviewed by county officials and an independent engineering firm.

Previous hearings have proven nearly 80 percent support for AEHI’s plan, which is expected to increase county employment levels by up to 5,000 jobs during the construction phase alone.

AEHI recently announced it acquired a funding facility commitment worth up to $150 million from Roswell Capital Partners, which is designed to pay for the land, water rights and application fee with the Nuclear Regulatory Commission, which is required prior to plant construction.

AEHI 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, which removes energy demands from homes and businesses, Colorado Energy Park (nuclear and solar generation), and Green World Water, which assists developing countries with nuclear reactors for power generation, 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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