Lanka’s first satellite company launched
SupremeSAT (Pvt) Ltd. signed an investment agreement with the Board
of Investment Sri Lanka yesterday to the tune of US $ 20 million with
very ambitious plans to take Sri Lanka into the global space race.
This will be further increased to US $ 320 million, the company's
long term plan is to utilize the Planned Orbital Slot of Sri Lanka which
is located at 50 degrees East and launch the SupremeSAT, the country's
first ever telecommunications satellite.
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R. M. Manivannan, Chairman of
SupremeSAT (Pvt) Ltd, Wang Zhongmin, Deputy Director Manager
of CGWIC with Chairman, Director BoI, Esrahan De Silva at
the BoI yesterday |
The company has entered into an exclusive partnership agreement with
China's state owned China Great Wall Industry Corporation (CGWIC) for
the design, manufacturing and launching of the satellite and also to
secure the marketing facilities of many other satellites owned and
operated by CGWIC and the China Satellites Communications Corporation.
Established in 1980, CGWIC is the sole commercial organization
authorized by the Chinese government to provide satellites, commercial
launch services and to carry out international space cooperation. The
company has already signed nine contracts with international customers
for manufacture and in-orbit delivery of telecommunication satellites,
out of which four have been successfully launched into orbit, whilst the
other two are set to be launched next year.
Apart from this the company has launched many satellites for domestic
purposes and has surpassed the US in the number of successful space
launches in 2011.
As the professional company promoting international cooperation for
China's space industry, CGWIC is devoted to the internationalized
development of China's space industry. CGWIC has developed into a system
integrator for space products and services. It can meet
customers’multi-directional needs by providing comprehensive solutions
for commercial launch services, satellite export, satellite ground
tracking and control station construction, satellite applications,
project financing, project insurance and technical training.
SupremeSAT's satellite will be the DFH-4 also known as Dong Fang Hong
which means the “Rising of the shining east”. DFH-4 is the third
generation communications satellite bus in China with high power, strong
payload capacity and extended service life. It consists of propulsion
module, service modules and solar arrays.
This new venture of SupremeSAT will offer all types of
telecommunication services such as broadband and networking services,
various broadcast solutions, back-haul or range extension facilities for
telecom operators and other services such as E-government and
E-learning.
This investment and our partnership with CGWIC demonstrate the
investor confidence on the “Post War” Sri Lankan economy. “The political
stability supported by the favorable investment climate helps
entrepreneurs like us to reach the space. I am very glad that this
venture coincides with the vision of the President to make Sri Lanka a
“Knowledge Hub,” said R. M. Manivannan, Chairman of SupremeSAT (Pvt)
Ltd.
“We are now closely coordinating with the Telecommunications
Regulatory Commission on the necessary approvals for the launch and take
this opportunity to thank the Board of Investment for the very
supportive role they play” he added.
Wang Zhongmin, Deputy Director Manager of CGWIC said “It is a
pleasure to be the exclusive partner of supremeSAT. We are confident
that this partnership will make Sri Lanka's space ambitions a reality
and we are looking forward to be a part of all the space related
activities of SupremeSAT. We are sure this will help the technology
growth of Sri Lanka.” Senior representatives from CGWIC were also
present during the agreement signing.
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