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Our recent international trip December 2, 2008

Posted by cleanidahoenergy in AEHI, China, Chinese nuclear energy, Energy policy, international, nuclear industry, Politics and nuclear.
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Regardless of whether you’re a renewable, nuclear or coal developer, this is a tough time to get funding for a major project.

The Wall Street Journal reports that

“power companies across the U.S. are slashing capital budgets and canceling projects for clean electricity. Financing for new nuclear power plants appears shaky … Forging a new energy future by creating vast amounts of wind, solar and, possibly, nuclear energy is one of Mr. Obama’s highest priorities. But enacting that policy depends to a large degree on the ability of energy companies and utilities to finance the massive new investments that would be needed.”

Even energy developers that have utilities lined up to purchase power can’t get financing, according to the article.

We recently completed a three-week tour of China, Dubai and South Korea, to secure strategic partners for the company’s nuclear-renewable energy projects in Idaho, Colorado, Mexico and other pending international locations. Our initiative has taught us international investors understand the benefits of nuclear and the great profit potential for nuclear plants – more than $3 million a day in most cases, which will go higher if carbon trading becomes widespread. These investors know the U.S. has a fundamentally sound economy and has a great emand for stable, base-load electricity.

With the current financial situation in the U.S., we are fortunate to have an international reputation which allows us to obtain some funding outside of the U.S. AEHI’s internationally recognized senior nuclear executive team is highly regarded in the management of construction, operations and maintenance of commercial nuclear reactors.

There will always be investors on the lookout for power companies. We are optimistic that we have the necessary contacts internationally to find the required funds and/or strategic allies. For example, the company is considering opening an office in Beijing, China to facilitate several joint ventures.

To my left is Bo Song; father is founder of nuclear energy in China and one of the founders of the Communist Party (how far we have come!). Nan Shi, to my left, has relatives who tie to the last emperor of China.

To my right is Bo Song; his father is founder of nuclear energy in China and one of the founders of the Communist Party (how far we have come!). Nan Shi, to my left, has relatives who tie to the last emperor of China.

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