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First Azerbaijani Satellite Expected to Cost $230 Million

The total cost of launching the first Azerbaijani national satellite, Azerspace, has reached about $230 million, the Minister of Communications and Information Technologies Ali Abbasov told journalists.

According to Abbasov, the general expenses for the satellite insurance have reached $17 million.

"Some $16 million of this amount account for 100 percent coverage of satellite's insurance and about $1 million to guarantee the insurance amount," the minister said.

The satellite will be delivered to the Kourou launch site in January 2013. The launch is scheduled for early February 2013.

The satellite, whose service life in orbit is planned for 15 years, will be launched into a geostationary orbit at 46 degrees east longitude. Eastern Europe, the Caucasus, Central Asia and North Africa will be included in the service area of Azerspace.

Azerspace is designed to provide digital broadcasting, Internet access, data transmission, creation of VSAT multiservice networks, and governmental communications.

Source: Trend

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