Wednesday, July 28, 2010

Alternate Energy Purchases Backup Site

Posted By on Wed, Jul 28, 2010 at 1:59 PM

An Eagle-based company that plans to build a nuclear power plant in Payette County announced today the purchase of an additional “backup site”.

Alternate Energy Holdings has plans to construct a plant on 5,000 acres of land near New Plymouth. After a month of hearings in Payette County, where the project received strong governmental support, the company made the decision to purchase a 6,000-acre backup site adjacent to the original property.

Payette County Commissioners have been supportive of the project thus far, approving changes to their comprehensive city plan in April to allow the potential site to be rezoned from agricultural to industrial usage. The publicly traded company filed a rezone application on June 22.

Developers estimate the $8 to $10 billion project will create 5,000 jobs during construction and 1,000 during operations. They predict the project will increase Idaho's GDP by $5.3 billion.

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