Imagicaaworld Entertainment launches Rs 41cr captive solar power plant

Imagicaaworld Entertainment Limited, a prominent player in India‘s entertainment park industry, has officially commenced operations of its new captive solar power plant. This 8MWp DC (5.5 MW AC) facility, which cost approximately Rs. 41 crores to establish, represents a significant achievement in the company’s commitment to sustainability and environmental responsibility.

The newly inaugurated solar plant is set to provide Imagicaaworld with a dependable and sustainable energy source. This development underscores the company’s dedication to reducing its carbon footprint and promoting green energy practices. The plant is projected to generate substantial financial savings of around Rs. 7-8 crores annually, enhancing the company’s operational efficiency while supporting its long-term sustainability goals.

The plant’s inauguration reflects Imagicaaworld’s proactive approach to adopting clean energy technologies. Mr. Jai Malpani, Managing Director of Imagicaaworld Entertainment Limited, emphasized the importance of this milestone for the company. “Leveraging Malpani Group’s expertise in renewable energy, we have added one more feather in the cap for our parks vertical. Our captive solar power plant aligns perfectly with our vision of creating a sustainable future for our business and the planet. This shift to renewable energy not only supports our environmental goals but also enhances our operational efficiency with significant cost savings.”

Mr. Malpani further highlighted that the solar power plant is a testament to Imagicaaworld’s commitment to integrating eco-friendly practices into every facet of its operations. The company aims to set a benchmark in the industry, inspiring others to adopt sustainable energy solutions.

This move is a strategic step in Imagicaaworld’s broader initiative to lead by example and champion the cause of sustainability within the entertainment sector.