International Financial Corporation Project Manager for the Armenia Sustainable Energy Finance Project Tigran Parvanyan said that Armenia is not ready to switch to energy-saving light bulbs, though it may stimulate energy efficiency in the country.

There is no sense to compel the population to use similar light bulbs only, as rather expensive technologies are required for it, Parvanyan told a PanARMENIAN.Net reporter.

It should be noted that Russia has stopped producing and selling incandescent light bulbs of 100 watts or above from 2011.

The EU has a similar ban in place, and the first phase (covering 100 W bulbs) went into effect September 1, 2009. Meanwhile, incandescent light bulbs will be completely prohibited from 2014.

At the same time, the European Union has started considering the project on repealing the introduced ban on incandescent light bulbs. Early in December 2010, information was disseminated on how mercury contained energy-saving bulbs may affect people’s health.

The press service of Grand Holding group of companies refrained from providing any information on bulbs production at Grand Sund LLC.