FJS Energy

From SourceWatch
Jump to: navigation, search

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."[1]

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.[2] The first shipment is scheduled to depart from New Orleans Port in Louisiana for India in September 2012.[3]

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.[4]

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.[5]

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

Resources and articles

Related Sourcewatch articles

Other resources

References

  1. "FJS Energy: About," FJS Energy Website, accessed August 2012.
  2. "India to get coal from Kentucky," UPI, Aug. 17, 2012.
  3. "First shipment of US coal under $7-b export deal to set sail for India next month," The Hindu BusinessLine, Aug. 22, 2012.
  4. Erica Peterson, "Does the Huge Kentucky-India Coal Deal Make Sense?" WFPL News, August 22, 2012.
  5. Erica Peterson, "Lawmaker’s Potential Gain From Kentucky-India Coal Deal Raises Concern," UPI, Aug. 16, 2012.