Nuclear plant developer's partner 'winding down'
BOISE, Idaho (The Associated Press) - Jun 27
>
> A former partner of a tiny startup trying to build a nuclear
> power plant in southern Idaho is shuttering its business just a year
> after the two outfits boasted of plans to erect facilities around the
> world.
>
> In July 2008, Alternate Energy Holdings, Inc. said it was going
> together with Houston-based Powered Corp. "to jointly develop nuclear
> reactors worldwide."
>
> But Rafic Koussa, a Powered director, told the Securities and
> Exchange Commission this week he's "in the process of winding up."
>
> Alternate Energy spokesman Martin Johncox in Boise says his
> company had already decided Powered wasn't the right fit.
>
> But an anti-nuclear group, the Snake River Alliance, says this is
> just the latest instance where an Alternate Energy partnership has
> sputtered.
>
> For instance, little has materialized from Alternate Energy's
> 2007
> deal with a small New York lender to bed and breakfasts and mini-
> warehouses.
>
>
> A former partner of a tiny startup trying to build a nuclear
> power plant in southern Idaho is shuttering its business just a year
> after the two outfits boasted of plans to erect facilities around the
> world.
>
> In July 2008, Alternate Energy Holdings, Inc. said it was going
> together with Houston-based Powered Corp. "to jointly develop nuclear
> reactors worldwide."
>
> But Rafic Koussa, a Powered director, told the Securities and
> Exchange Commission this week he's "in the process of winding up."
>
> Alternate Energy spokesman Martin Johncox in Boise says his
> company had already decided Powered wasn't the right fit.
>
> But an anti-nuclear group, the Snake River Alliance, says this is
> just the latest instance where an Alternate Energy partnership has
> sputtered.
>
> For instance, little has materialized from Alternate Energy's
> 2007
> deal with a small New York lender to bed and breakfasts and mini-
> warehouses.
>