SOURCE: Alternate Energy Holdings, Inc.

February 15, 2007 09:15 ET

Alternate Energy Holdings (AEHI) Considers AREVA's EPR Design for Idaho Nuclear Construction

LYNCHBURG, VA -- (MARKET WIRE) -- February 15, 2007 -- Alternate Energy Holdings (PINKSHEETS: AEHI) announced the company's consideration of an evolutionary nuclear reactor design for use in AEHI's proposed construction of an Idaho nuclear power plant. AEHI management has been in discussion with AREVA, an international energy technology company, regarding EPR reactor design. The EPR is a 1,600 Megawatt class Pressurized Water Reactor (PWR); its design offers significantly enhanced internal and external safety features, a higher level of economic competitiveness, 36-37% overall efficiency, shortened construction time, and 94% availability during the entire extended service life of the plant. The first EPR is currently under construction in Finland for the Finnish electricity utility Teollisuuden Voima Oy (TVO) and is scheduled to begin commercial operation in 2009. AEHI believes that the technological advances, in both plant safety and performance, introduced by the EPR may be a solution to the concerns involved in reinstating commercial nuclear construction in the United States.

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, 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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