Maanaveeya Development and Finance Pvt Ltd Supports Solar Power Generation at L V Prasad Eye Institute, GMR Varalakshmi campus, Visakhapatnam

Visakhapatnam, July 10, 2026: The combined impact of burning fossil fuels, deforestation, and rapid industrialization has led to increased greenhouse gas emissions and the depletion of Earth’s natural ecosystems, posing a significant threat to human health and well-being.

L V Prasad Eye Institute (LVPEI), as part of its Green LVPEI initiative, has taken a pledge to adopt environmentally sustainable practices. A key focus of this initiative is the transition from fossil fuel–based energy systems to renewable energy sources such as solar energy.

LVPEI is deeply grateful for its association with Maanaveeya Development & Finance Private Limited in implementing their high-impact CSR initiative, since 2020. The partnership has strengthened over the years, with Maanaveeya supporting LVPEI’s Green Initiative through CSR grants for the installation of solar rooftop systems across several LVPEI campuses.

We are pleased to announce the inauguration of a newly installed 75 kW rooftop solar power system at L V Prasad Eye Institute (LVPEI), GMR Varalakshmi Campus, Visakhapatnam with the CSR support extended by M/s Manaveeya Pvt Ltd.

With this addition, Maanaveeya has supported a total of seven green initiatives across different campuses of LVPEI, bringing the cumulative solar capacity supported by Manaveeya to 363 kW.

One of the most significant outcomes of this partnership is the measurable financial and environmental impact. The solar installations are helping LVPEI with solar energy to the tune of 4.5 Lakh units annually. The savings from the energy costs have directly contributed to enabling additional eye surgeries each year to patients who cannot afford the costs.

Environmentally, the solar projects reduce approximately 360 tonnes of CO₂ emissions annually, which is equivalent to planting around 14,000 fully grown trees every year.

Maanaveeya’s forward-thinking CSR approach has created more than seven times greater social impact for low-income communities, setting a benchmark in sustainable development partnerships.

Dr. Prashant Garg, Chairman, LVPEI, expressed sincere gratitude for this meaningful collaboration with Maanaveeya, which has strengthened LVPEI’s environmental sustainability and Green initiatives, enabling the Institute to serve society without compromising the environment.

Dr.  Gouri Sankar, MD, Maanaveeya Development & Finance Pvt. Ltd., during the inauguration said: “As a responsible member of society, Maanaveeya continues to view CSR not merely as a legal obligation but as a moral responsibility—empowering low-income communities, improving livelihoods, and contributing to environmental sustainability for long-term development.”

About Maanaveeya
Maanaveeya Development & Finance Private Limited, the Indian subsidiary of Oikocredit, is a leading development finance company focused on promoting sustainable and inclusive growth. Oikocredit, a global cooperative development finance institution, supports 540 partners across 55 countries through financing and capacity-building initiatives. In India, Maanaveeya provides wholesale funding to Microfinance Institutions (MFIs), MSME lending companies, and projects in agriculture value chains and renewable energy. While microfinance constitutes a major share of its portfolio, the organization places strong emphasis on livelihood enhancement, income generation, and socio-economic development for underserved communities. Currently, Maanaveeya is working with 104 partners with an outstanding portfolio of ₹2051.74 crore. For more information, visit: www.maanaveeya.org / https://www.oikocredit.coop/en/

About LVPEI: Established in 1987, with the vision, ‘to create excellent and equitable eye care systems that reach all those in need,’ the L V Prasad Eye Institute (LVPEI), a comprehensive eye health facility, is a World Health Organization Collaborating Centre for the Prevention of Blindness.  

In pursuance of this vision, LVPEI clinician scientists work at the cutting edge of eye research. Through its five-tier ‘Eye Health Pyramid’ and cross-subsidy models, LVPEI provides more than 50% of its services entirely at no cost to the patient, irrespective of the complexity of care needed. LVPEI is among the world’s top eye researchers with over 5,000 published scientific papers in prominent international journals.   

 For further information, please visit the Institute’s website, www.lvpei.org. 

Contact: Aneetha Kanukolanu, Associate Director- Network Communications  
Phone: +91 40 6810 2272 
Email: aneetha.kanukolanu@lvpei.org 
Website: www.lvpei.org