BOISE, Idaho, Sept. 14, 2010 (GLOBE NEWSWIRE) -- Alternate Energy Holdings, Inc.'s (OTCQB:AEHI) ( www.aehipower.com ) proposed nuclear desalination reactor systems have generated significant interest in India. According to recently published reports by the World Bank, India's demand for water will exceed its sources of supply by 2020. Indian companies are now looking into nuclear desalination reactors as one solution to that nation's water crisis.
Tubestar Oil and Gas, an oilfield inspection service based in Mumbai, India, is one example of how India's private sector is investigating the use of nuclear desalination. The company is now reviewing the feasibility of building a nuclear desalination plant that would supply both power and clean water in India. Tubestar recently signed a Memorandum of Understanding with Green World Water ™ (), a subsidiary of Alternate Energy Holdings, Inc. based in Eagle, Idaho. Green World Water™ plans to market nuclear desalination systems that create clean water and power simultaneously.
"Green World Water's reactor is designed to produce the power Tubestar wants and the water India needs. In fact, it can process enough salt water from the ocean to provide clean fresh water for up to 1 million people per day," stated Don Gillispie, CEO of AEHI. "Using nuclear desalination we can produce clean water for a cost as low as 35 cents per cubic meter. Comparisons with coal, natural gas and wind indicate costs of between $2 and $12 per cubic meter."
The World Bank's report "India's Water Economy: Bracing for a Turbulent Future" states, "Unless water management practices are changed -- and changed soon -- India will face a severe water crisis within the next two decades." The World Bank's State of India Environment also reports that the per capita drinking water availability in India has dramatically dropped by 15%-20% over the past 20 years. World Bank estimates that 21% of the communicable diseases in India are related to unsafe water.
Tubestar Oil and Gas, based in Mumbai, India, is in a region facing a critical water shortage. Mumbai currently faces a water shortfall of 650 million liters per day. According to a recent article entitled "India's Flood of Troubles" authored by Nikhil Inamdar (): "The coming years could prove even more difficult as demand increases and sources of fresh water supply dry up due to heavy contamination. A World Bank study ranked Delhi, India's capital, as the worst performing city when it came to water availability in Asia followed closely by Mumbai coming second."
The World Nuclear Association () recently reported that India has been engaged in desalination research since the 1970s.
"India's potential deployment of nuclear desalination reactors on a commercial basis would help spur its economic growth over the next decade," said AEHI's Gillispie. "India should position itself to lead the world in the use of nuclear desalination reactors, as both the government and private sector businesses demand a cost-effective solution to the country's water crisis."
About Alternate Energy Holdings, Inc. () -- Alternate Energy Holdings develops and markets innovative clean energy sources. The company is the nation's only independent nuclear power plant developer seeking to build new power plants in multiple non-nuclear states. Other projects include Energy Neutral(TM), which removes energy demands from homes and businesses (), Colorado Energy Park (nuclear and solar generation), and Green World Water(TM), 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.
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CONTACT: Crescendo Communications, LLC Investor Relations Firm: David K. Waldman John J. Quirk (212) 671-1020 aehi@crescendo-ir.com Alternate Energy Holdings, Inc. Media: Dan Hamilton (208) 914-8894