NEI Nuclear Notes

Ghana’s turn : The Deputy Director-General of the Ghana Atomic Energy Commission (GAEC), Prof Yaw Serfor-Armah, has given the assurance that Ghana will continue to promote the peaceful applications of nuclear techniques and biotechnology for the sustainable development of the country in particular and Africa in general. That’s always good to hear, though it seems unlikely anyone doubted Ghana’s intentions. This was said at a summit hosted by GAEC and the IAEA in Accra, as the country gears up to build its first plant, scheduled to open in 2018. Ghana? Although the government has implemented a plan to move its economy to a point that it can sustain a middle class by 2015, right now it is quite poor, with a per capita annual salary of about $700. But if Ghana succeeds in creating a middle class – and even if it doesn’t - it will certainly need more electricity. The high dependency on rain-fed hydro power, which accounts for 65% of installed capacity has led short falls ...

A year or so ago, I wrote : It may just be that AEHI is trying everything it can to find and develop a market and interest enough venture capital to help it stay afloat until it makes a sale – either in Idaho or China. Certainly not unusual (if a bit unusually far flung), often not successful, but that’s how it works. All one can really do from the outside is speculate. Let’s keep half an eye on AEHI and see how it goes. Well, both eyes open beats half an eye : The SEC [Securities and Exchange Commission] alleges that Alternate Energy Holdings Inc. (AEHI) has raised millions of dollars from investors in Idaho and throughout the U.S. and Asia while fraudulently manipulating its stock price through misleading public statements that conceal the secret profits reaped by its CEO Donald L. Gillispie and Senior Vice President Jennifer Ransom. It gets worse: The SEC’s complaint charges AEHI, Gillispie, and Ransom with violations of the anti-fraud provisions of the federal...