Madurai : Rural Electrification Corporation Limited (RECL), has released Rs 2.84 crore as the first instalment for the installation of the 1 MW solar PV system in Madurai Kamaraj University (MKU). This is in continuance with the memorandum of agreement (MoA) executed between RECL and MKU in September 2018 to establish the plant on its premises at a cost of Rs 7.25 crore. Vice-chancellor of the university, M Krishnan said that a baseline evaluation study was already performed to analyse the energy demand and the consumption rate and submitted to RECL for further consideration. Now, RECL has released the first instalment of Rs 2.84 crore after the approval of the base line study, according to the agreement, as a first step to implement the project. He added that MKU is the first state university in South India to receive funds from RECL to establish a solar power plant. “The main objective for the implementation of this project is to reduce grid demand of electricity in the campus and reduce the campus carbon footprint and dependency on non-renewable energy sources,” he said. In addition, the expenses for the electricity consumption will be greatly reduced. According to coordinator of the solar power panel project, P Varalakshmi and joint coordinator B Ashok Kumar, installation of the solar panel is expected to be completed within a year.