REC and IIT-M sign MoU for setting up of 2 MW solar power plant

The Rural Electrification Corporation (REC) and Indian Institute of Technology (IIT), Madras have signed an MoU for setting up a 2 MW rooftop solar power plant on the institute’s premises. As per the agreement, REC will provide financial assistance of Rs 145 million for the project, which will be set up in the academic and hostel zone of the institute. The energy generated by the solar panels will be fed into a centralised grid from where it will be distributed across the campus. The plant is expected to help IIT Madras reduce its peak demand from the grid, carbon footprint and dependence on fossil fuels.