Kentucky coal producers have reached an agreement to export 9 million tons of coal annually to India for the next 25 years in a $7 billion deal.
Gov. Steve Beshear’s office announced Wednesday that New Jersey-based FJS Energy LLC signed the deal with India’s Abhijeet Group to purchase coal exports from Kentucky and West Virginia through Kentucky-based affiliates FJSE Marshall and FJSE River Coal.
Problems with coal production and quality were cited as a factor in India’s sweeping blackouts last month, so it’s not surprising that the country is bulking up its supply.
Kentucky coal producers to supply 9 million tons annually to India, Louisville Courier-Journal.