Bank Of Baku

US Eximbank to grant credit for Azerbaijan to produce first communication satellite

US Eximbank to grant credit for Azerbaijan to produce first communication satellite
# 07 June 2011 08:58 (UTC +04:00)
Based on Orbital’s flight-proven STAR-2 platform, the satellite will generate approximately five kilowatts of payload power for 36 active transponders to provide services to South Caucasus, Central Asia, Europe and Middle East.

The Bank endorsed a US $116.6 million grant with a 10-year repayment period.

The borrower and the buyer will be the Azercosmos OJS Company with guarantees from the Azerbaijani Ministry of Finance.

The Azerbaijani Diaspora in the US welcomed the US Bank’s approve a loan for financing the project.
1 2 3 4 5 İDMAN XƏBƏR
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THE OPERATION IS BEING PERFORMED