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AEHI-Korean deal has no bearing on US reactor projects going forward January 13, 2010

Posted by cleanidahoenergy in AEHI, Korean reactors, Payette County.
Tags: ,

Boise, Idaho, January 13, 2010: Alternate Energy Holdings, Inc.(OTC:BB, AEHI.OB) — A lot of writers have drawn the conclusion that without a deal in Korea, there is no potential for a proposed nuclear power plant in Payette.  That couldn’t be further from the truth.  AEHI wants the reactor because of its superior level of quality, price and sales commissions on other US sales.  But there are other reactors on the market, so the plant will go forward with or without a Korean-made reactor.

A lot has been written over the past few days about AEHI CEO Don Gillispie and a recent trip to Korea.  The trip, which was planned months in advance, was aimed at finalizing a year old negotiations to import Korean-made nuclear reactors to the United States.  That same reactor, called an APR 1400 would also be the key ingredient to a proposed plant in Payette County, Idaho.

Although no decisions were ever made, or contracts signed, Gillispie still believes it was a very positive trip.  Not only did AEHI receive confirmation of a potential deal in the future from KEPCO (Korean Electric Power Company), Gillispie also received similar confirmation directly from the Korean Prime Minister, and from a past Korean secretary of energy who spoke to the President of Korea during the trip.

News of Gillispie’s trip was so noteworthy, in fact, that TV and print journalists from two of the largest Korean media outlets took time to interview Gillispie on his trip. One newspaper, which did not, was the Korean Times, which seems to be the only article anyone wants to quote and it only used unnamed KEPCO sources.

In any case, the Korean reactor deal has no effect on the future of its US reactor projects and simply much ado about nothing by our opponents.

About Alternate Energy Holdings, Inc. (www.alternateenergyholdings.com)

Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation’s only publicly traded independent nuclear power plant developer willing to build power plants in non-nuclear states. Other projects include, Energy Neutral which removes energy demands from homes and businesses (www.energyneutralinc.com), Colorado Energy Park (nuclear and solar generation), and International Reactors, 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. AEHI Korea, Seoul, is helping negotiate with KEPCO .

Safe Harbor” Statement: This press release may contain certain forward-looking statements within the meaning of Sections 27A & 21E of the amended Securities and Exchange Acts of 1933-34, 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, there can be no assurance that these statements included in this press release will prove accurate. As a result, investors should not place undue reliance on these forward-looking statements.



1. S Leroy - February 4, 2010

Mr Gillispie is a brilliant man who is also very kind.

I dont like the way commentors have demonized AEHI

They will help idaho and the world

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