Alternate Energy Holdings (AEHI) Signs Land Purchase Agreement for Idaho Nuclear Construction
Posted on: Thursday, 8 February 2007, 09:00 CST
Alternate Energy Holdings (PINKSHEETS: AEHI) announced a land purchase agreement, signed February 1, 2007, with an Idaho farmer for 4000 acres located on the Snake River in southeastern Idaho. Pending completion of the purchase, the land will be used as the construction site of the company's proposed 1600 Megawatt light water nuclear reactor. As Idaho's first large commercial nuclear power plant, this site will provide electricity for local farm irrigation and the state power grid, as well as sell power in the national energy market to assist with the region's energy supply needs.
About Alternate Energy Holdings, Inc.
Alternate Energy Holdings actively develops and markets innovative clean energy sources to reduce dependence on foreign energy sources. Current projects include nuclear construction, an economical and environmentally friendly fuel additive that will reduce the cost of natural gas energy production by 25% to 40%, marketable lightning harvesting technology for electricity production, coal to diesel fuel conversion, carbon dioxide removal from gas turbine exhaust, and urban mini-reactors for safe, compact power generation.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities and Exchange Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Although AEHI believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any assumption could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion should not be regarded as a representation by AEHI or any other person that the objective and plans of AEHI will be achieved.
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SOURCE: Alternate Energy Holdings, Inc.
Source: MARKET WIRE
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