Issue on payment of KazSat-1 insured sum must be fully solved - PM
17:05, 11 January 2011
ASTANA. January 11. KAZINFORM /Serik Sabekov/ Today at the sitting of the board of Kazkosmos National Space Agency Prime Minister Karim Massimov has charged the head of the Agency to fully solve the issue of payment of the insured sum for the lost KazSat-1 satellite.
"The problem concerning payment of sums insured for KazSat-1 must be fully resolved", K. Massimov stressed.
As the Head of the Government added, the money must be returned in full and all costs must be covered.
As is known, KazSat-1 is estimated at about USD 65 mln. In June 2006 the satellite was launched into orbit. On June 8, 2008 a serious malfunctioning occurred in the management system of KazSat-1. The scientists tried to 'revive' the satellite, but it did not respond to signals of control.