BOISE, Idaho, March 28, 2012 /PRNewswire/ -- Alternate Energy Holdings, Inc. (OTC:AEHI.PK)(www.aehipower.com) today announced the company has completed initial site improvements prior to beginning an extensive environmental study, which is expected to begin in the 2nd quarter of this year. ENERCON Services, Inc., one of the nation's leading nuclear engineering firms, was contracted to perform the study as part of the larger Combined Operating License Application (COLA) that will be prepared and submitted to the U.S. Nuclear Regulatory Commission.
Some of the site improvements included the installation of a roadway culvert, a recessed entrance gate, a gravel driveway with parking pad, a construction office trailer and additional signage.
When the environmental study begins, the site will also maintain a secure storage container for geotechnical samples and a meteorological tower among other activities. The tower will be used to track and analyze weather data. During that time ENERCON will also perform a number of core borings and other sophisticated geological studies to determine the seismic and geological stability of the site.
"Based on existing data compiled to date, the site appears to be an excellent location for a nuclear power plant, but we must perform a more detailed environmental study to ensure it is fully adequate and to complete the necessary requirements with the NRC," said Don Gillispie.
"As we begin this process, it is comforting to know that the NRC has already seen fit to approve two new reactors in Georgia with Southern Company and likely two more will be on the near horizon in South Carolina. News of this magnitude is critical to companies like ours in moving forward," Gillispie said.
Pictures of the Idaho site are available on the AEHI homepage at http://www.aehipower.com.
About Alternate Energy Holdings, Inc. (http://www.aehipower.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; Idaho Energy Complex is the lead project. Other business units include Energy Neutral(R), which reduces energy demands for homes and businesses (http://www.energyneutralinc.com) and Green World Water(TM), which assists developing countries with nuclear reactors for production of potable water, power generation and other suitable applications (http://www.greenworld-h2o.com).
About ENERCON Services, Inc. (http://www.enercon.com/) -- ENERCON is an industry leader in the resurgence of nuclear power plants in the United States and is in the forefront of developing the licensing, engineering, and environmental aspects of the next generation of power plants. ENERCON was selected to submit four of the lead license applications for the nuclear industry using the new 10CFR Part 52 Combined Operating License Application Process. ENERCON has been an industry leader in developing the approach and methods for implementing the new licensing process and is currently engaged in several new nuclear plant licensing application projects.
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, the risk that the COLA application will not receive regulatory approval and the risk that future data, including that obtained from the environmental study, may not support the planned location for a nuclear power plant.. 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, 2010. 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.
SOURCE Alternate Energy Holdings, Inc.