UniStar may acquire stake in Idaho plant

23 January 2008

Alternate Energy Holdings Inc. (AEHI) announced on 23 January that it had signed a memorandum of understanding (MoU) with UniStar Nuclear Energy (UNE) to discuss the possibility of UNE acquiring a "significant" ownership interest in a potential nuclear power plant in the US state of Idaho. In addition, the companies will discuss the potential for UNE to operate the proposed plant. George Vanderheyden, president of UniStar, said: "The MoU between UniStar and AEHI is the roadmap that our two companies can follow to arrive at a comprehensive agreement that would allow us to jointly pursue the goal of new nuclear in Idaho." He added, "It is the first step in what we hope will become a long and productive relationship with AEHI in a potential project that could provide innumerable benefits to the citizens and state of Idaho." In July 2007, AEHI reported that it had chosen the USEPR technology for its proposed new nuclear power plant in Idaho and that it had agreed for UniStar to assist it "in seeking regulatory approval and in subsequent plant construction." UNE is a joint venture between US utility Constellation and Electricite de France (EdF) to own and operate a fleet of USEPR plants in the USA and Canada.

Further information

Alternate Energy Holdings

WNA's US Nuclear Power Industry information paper

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