FJS Energy

FJS Energy (FJSE) describes itself as "a collaborative effort of senior energy professionals in India & North America, who recognize the opportunity in Indian energy sector.... FJSE has successfully initiated execution of its government partnership strategy by executing joint venture agreement with a state government undertaking for allocation of coal, gas and petroleum assets for development, value addition, marketing and power production."

US-India export deal
In August 2012, New Jersey company FJS Energy signed a $7 million deal with India's Abhijeet Group to purchase coal from Kentucky and West Virginia. Under the deal, Kentucky coal companies will export about 9 million tons of coal annually for 25 years to India's Abhijeet Group. The first shipment is scheduled to depart from New Orleans Port in Louisiana for India in September 2012.

The terms of the deal that have been released suggest that Booth Energy will supply up to two million tons of coal a year, and the remaining seven million tons or so will come from other producers.

Controversy
Kentucky representative Keith Hall was instrumental in brokering the deal. Hall's district covers part of coal-rich Pike County, and Hall also owns several coal-related businesses in the area — including coal mines — and sits on the board of FJS Energy, the company that signed the deal with India. Hall was approached for the deal by FJS Energy's Chairman, M P Narayanan, a former chairman of Indian companies Coal India and Neyveli Lignite Co., and vice chairman for the World Mining Congress.

Contact Information
FJS Energy Private Limited 209, Tribhuvan Complex 10th Milestone, Mathura Road New Delhi 110065 Republic of India Phone : +91 11.2692.3634 Fax: +91 11.2692.3635

17 Pine Street, 1st Floor Morristown, New Jersey 07960 United States of America Phones: +1 973.475.4472 Fax: +1 973.475.4990

Suite 108, 250 Consumers Road North York, Ontario M2J 4V6 Canada Phone: +1 416.490.1377 Fax: +1 416.490.0737

Related Sourcewatch articles

 * United States and coal
 * Kentucky and coal
 * India and coal