Energy sector in India will go through a major structural change when LPG subsidy will be given directly in the bank account of the customers from 1^st October, 2013. This subsidy will be given via bank accounts linked to Aadhar. The subsidy offered per customer would be INR 4000 per year. The only roadblock this initiative is likely to face is that many bank accounts are yet to be linked to Aadhar. On the other side it would help the government to save money as some of the customers have multiple connections and some of the commercial customers also use subsidized LPG cylinders.

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Tata Power has commissioned its 21 MW wind power project in Rajasthan. Another 9 MW will be installed soon. Of 8521 MW of power generation capacity of Tata Power, power from alternate energy sources include 873 MW. Tata Power will try to generate power to the tune of 25% of the total capacity from green sources. Wind energy projects are being built across Maharashtra, Tamil Nadu, Gujarat, Rajasthan and Karnataka.

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The new fuel supply arrangement for power plants should be in place in the next two weeks. Under this arrangement all power projects which will be completed by 2015 will get uninterrupted fuel supply arrangements. Of late shortage of fuel supply has interrupted power production in various parts of the country. Coal India Ltd (CIL) has so far entered into fuel supply agreement (FSAs) with 60 power plants. A total of 143 FSAs are to be signed by CIL for identified power projects of 60,000 MW capacity, which have been assured of coal supply in the next five years.

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The government has decided to give local players only a small part of the projects to be awarded in the next phase of the solar mission. The ministry has decided at the ministry said that it’s likely that a mere 200-250 MW will be kept separate to be built from domestic solar equipment. The balance which is around 500 MW will be free to procure imported content. The domestic industry had complained that it was incurring huge annual loss of INR 100 bn annually and needs government support to survive.

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Honda Motorcycle, the second largest two-wheeler company in the Indian automotive market, has rolled out its new 110 cc motorcycle, called the Dream Neo. It is Honda’s cheapest two wheeler model available in the country, priced at INR 43,150 (ex-showroom Delhi). It is Honda’s second bike in the Dream series. It offers a mileage of 74 km/litre. It is powered by 110cc, air-cooled, 4-stroke engine from the Dream Yuga model, producing 8.25 BHP of raw power at 7500 rpm. It is available in 6 dual tone colors.

Additional new features include maintenance-free battery, high ground clearance of 179 mm, six-spoke alloy wheels and drum brakes along with an alternate front disc brake on the top end variant.

Honda has plans of selling 300,000 units of Neo and overall 800,000 units of two wheelers under its Dream series in FY14. Company is expecting Neo to provide stiff competition to Hero MotoCorp’s Splendor, which is the second largest selling bike in India. Besides, company has plans of increasing its sales outlets to ~2,500 by the end of this fiscal.

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