Today at 01:35 local time, Azerbaijan’s first national telecommunications satellite ‘Azerspace –1’ was launched from Kourou in French Guiana (South America). Launch vehicle Ariane-5 sent it into orbit.
As previously reported, the weight of the satellite is 3.2 tons. The satellite’s temporary position at 46 degrees East Longitude in geostationary orbit is leased from Malaysian operator MEASAT Satellite Systems. After completion of the seven-year process of conciliation with 30 countries of the world whose satellites will coexist with the Azerbaijani apparatus, it will be moved to their own positions - 43.2, 58.5 and 96 degrees East Longitude.
Corporation Orbital Sciences Corporation (USA) built the device for the government of Azerbaijan. According to the Minister of Communications and Information Technologies Ali Abbasov, 20% of the resources of the satellite will be used to meet the ICT needs of the country, while other resources will be available to foreign tenants.
After 7 years of operation, it will be self-sustaining. The 15-year life expectancy of the satellite is insured for $ 17 million. - 17D-
Economics
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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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