The first shipment in a huge deal to export coal to India hasn’t yet left Appalachia. The deal was announced in August: Kentucky-based Booth Energy agreed to send up to nine million tons of coal a year to India for 25 years, at an estimated value of $7 billion. The first shipment was supposed to be on its way by the end of September.
Last week the state of Kentucky announced that India would purchase large quantities of coal from companies in the Commonwealth in the future. This week, some lawmakers in India are raising questions about the procedure used to sell coal fields in that country. Angry opposition lawmakers have shouted and crowded aisles in India's parliament to demand the prime minister resign.
Coal mines in Kentucky and West Virginia will send millions of tons of coal to India, under the terms of a 25-year contract that was signed Wednesday. The deal is being hailed as a sign of hope in the coal export market.