Bank Of Baku

Deputy Minister: “All necessary documents to launch the first satellite of Azerbaijan into the orbit have been signed”

Deputy Minister: “All necessary documents to launch the first satellite of Azerbaijan into the orbit have been signed”
# 01 December 2011 07:54 (UTC +04:00)
Baku. Nijat Mustafayev - APA-Economics. Launch of the first Azerbaijani satellite into the orbit is expected in late 2012. According to Deputy Communications and Information Technologies Elmir Velizade, all necessary documents have been signed.

Note that, the total cost of the project on launch of the Azersat satellite into orbit is about AZN 200 million. The contract signed with the satellite manufacturer Orbital Sciences Corporation, is AZN 112 million. Along with the production of satellites, these funds will be spent on creation of the structure of land management and training.

Investment in the project is expected to be paid back within 5-7 years after commissioning. Azerbaijan intends to use only 20% of satellite capacity, the rest - to rent. For example, Malaysia has proposed 40% of Azerbaijani satellite capabilities. National satellite will cover Europe (excluding Scandinavia), and half of Asia with the majority of Kazakhstan. The satellite will have on the transmission of television and radio broadcasting and the Internet.

Support for Azerbaijan in this project is provided by Silk Sat program, developed on the initiative of the Russian academician Ronald Sagdeev. The program provides the creation of a single satellite system by bringing the resources of the United States and Russia. Main management center of the satellite will be located in Gala settlement, a reserve center will be on the territory of the Nakhchivan Autonomous Republic.

Remind that, the project is implemented by presidential decree “On creation of space industry and placing telecommunications satellites into orbit”.
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