MINNEAPOLIS — A new energy plant at the University of Minnesota is designed to be efficient and save the university about $2 million in utility costs.

The new Main Energy Plant is a combined heat and power plant located on the Mississippi River bank, Minnesota Public Radio reported. The plant can generate up to 22 megawatts and is 83 percent efficient.

“We’re very proud of that,” said Jerome Malmquist, the university’s energy management director. Most stand-alone power plants are less than half as efficient, he said.