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Alternate Energy Holdings (AEHI) Reaches Agreement With Prominent Idaho Landowner and Businessman on Site of New Idaho Energy Complex.

LYNCHBURG, Va., April 2 /PRNewswire-FirstCall/ -- Alternate Energy Holdings (Pink Sheets: AEHI) announced an agreement reached with Idaho landowner and businessman, James Hilliard, for the construction of a proposed commercial nuclear power plant. The company has arranged with Mr. Hilliard, the owner of 4,000 acres located near Bruneau, to partner in AEHI's proposed 1600 MWe nuclear plant and multi-generation energy facility. This property, subject to local, state, and federal approvals, will be the site of Idaho's first commercial nuclear plant, as well as use excess heat from the nuclear unit to produce ethanol and methane. The commercial site will be named Idaho Energy Complex. President and CEO Don Gillispie states, "We could not be more pleased and honored to have an Idaho native, successful businessman, and entrepreneur like Jim Hilliard partnering with us in the Idaho Energy Complex. He will be invaluable in advising the company on business and financial matters as we go forward in this venture."

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, bio-fuel generation, 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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Publication:PR Newswire
Date:Apr 2, 2007
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