Union Minister Dr. Jitendra Singh announced that India's installed nuclear power capacity is projected to increase from the current 8,180 MW to 22,480 MW by 2031-32. This significant expansion aligns with India's energy transition goals, aiming for Net Zero by 2070. Studies have recommended a national nuclear capacity of 1 lakh MW by 2047 to support this transition. Over the past decade, India's nuclear power capacity has already increased by over 70%, from 4,780 MW in 2013-14 to the current 8,180 MW. Annual electricity generation from nuclear power plants has also seen a notable rise, from 34,228 million units in 2013-14 to 47,971 million units in 2023-24. Presently, the Nuclear Power Corporation India Limited (NPCIL) is implementing 21 reactors with a total capacity of 15,300 MW, while 9 reactors with a capacity of 7,300 MW, including the Prototype Fast Breeder Reactor (PFBR), are under construction. Additionally, 12 reactors with a capacity of 8,000 MW, including Fast Breeder Reactors (FBR), are in the pre-project stages, contributing to the future growth of India's nuclear power capacity.
The underlying asset of a derivative contract can be -
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The process by which market participants try to find an equilibrium price?