SL to launch first satellite

24 May 2012 04:17 am - 68 - {{hitsCtrl.values.hits}}

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SupremeSAT (Pvt) Ltd. signed the investment agreement with the Board of Investment yesterday with very ambitious plans to take Sri Lanka into the global space race.

With an initial investment of USD 20 million which will be further increased up to USD 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 SupremeSAT - the country's first ever telecommunications satellite.

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Comments - 68

kapil Thursday, 24 May 2012 11:55 AM

nice one....

Kaslana Thursday, 24 May 2012 03:21 PM

The cost of living is already on a "sky rocket" and I bet this satellite will be launched from the same rocket. As a result, we will soon be paying around Rs 10,000 for a loaf of bread like in Robert Mugabe-land. well done and this is all "BURN-A-BURUS"
we need!

chill boy Thursday, 24 May 2012 03:04 PM

wow...awsome...

gune Thursday, 24 May 2012 02:54 PM

good news .

Riyazi-Dorking Thursday, 24 May 2012 02:01 PM

First try to send a "Ahas kooru" properly, then think about satellites !!

Fusion Thursday, 24 May 2012 01:52 PM

What oil wells? Satellites use Solar panels & Batteries, not jet fuel. Regarding the rocket, liquid rocket fuels can be petroleum based fuels, but many use Cryogenic fuels. Solid rocket fuels are different. In any case, I think they are only building satellites, not delivery platform. A country with a delivery system will have to launch it into orbit for us.

Jegan Thursday, 24 May 2012 01:26 PM

India is in a whole different level to lanka,1.3billion people..

hks Thursday, 24 May 2012 01:04 PM

JET FUEL WILL BE OBTAINED FROM THE RECENTLY DISCOVERED OIL WELLS, FOR THIS PURPOSE!!

Lankan Thursday, 24 May 2012 12:33 PM

good development with POVERTY.. how will pay USD150 million
.... suba badagini anagathayak..!

kapa Thursday, 24 May 2012 03:29 PM

Hahaha, we thought 3 satalites were launched last month. The names were GAS, BREAD and FLOUR

Pramod Thursday, 24 May 2012 10:57 AM

First send a weather balloon

Noor Thursday, 24 May 2012 10:38 AM

May be 7500 is ok for you, i hope

mnsmart Thursday, 24 May 2012 09:57 AM

Satellite was ousted some times ago, trying to orbit again?

gundasa Thursday, 24 May 2012 09:53 AM

Its own by pvt company.

Tokyo Thursday, 24 May 2012 09:04 AM

We can use it to bring rice from moon!!! Jayawewa!!

Dinesh Thursday, 24 May 2012 08:26 AM

Considering all aspects it is not a problem for people as long as cost of it not falls on Tax payers

jayath nandana Friday, 25 May 2012 03:27 AM

CANT WE SEND OUR FORMER "SAT " INSTEAD OF NEW SAT

Ranjith Friday, 25 May 2012 12:10 PM

Which son owns the company?????

Orama Friday, 25 May 2012 06:28 AM

I hope the company is not spending government money. They have dared to take a giant step. Please dont pull them down. encourage and be proud of atleast hearing about a Sri Lankan talking about a satelitte for a change.

Lanka Soul Friday, 25 May 2012 05:11 AM

WTH?! do we need satellite now? please develop the north people are starving for food all the human got breath to respire....

SatLover Friday, 25 May 2012 04:51 AM

Sri Lanka Orbital Slot is one of the most valuable assets we have in this country. Good questions for you COPE Types!!!!

By comparison, this is same logic as selling the Galle Fort, National Meuseum, Sigiriya or Dalada Maligawa, which are national assets and the government is only a custodian and has absolutely no right to take single handed decisions

Looks like the daylight robbery of the countries resources have actually raised to a "New Level"!!!!!

I hope some interested in protecting national assets take action and initiate some legal action to stop the robbery and protect the national asset.

sam_sparrow Friday, 25 May 2012 04:26 AM

sounds good. calling to abroad charges will be reduced by this satellite.. good move

citizen1 Friday, 25 May 2012 03:51 AM

Wow. This is so important for us at present...NOT!!

citizen1 Friday, 25 May 2012 03:47 AM

As usual we like to be lavish and show off money we do not have.

SatLover Friday, 25 May 2012 03:44 AM

1. Who is involved in this?
2. How was this done without a proper tender procedure?
3. What is the value of the orbital slot?
4. How was the orbital slot valued?
5. How on earth a silly Pvt. Ltd. Company manage to launch a satellite?
6. What are their expertise in satellites? Paper Rockets don't count....
7. What is the business plan?
8. Where is the investment coming from?
9. What is the direct and indirect benefits to the country by selling this national asset?
10. Where is the consent of TRC and other relevant authorities?
11. Has the proper documentation and approvals being obtained from the relevant authorities?

In brief, without a proper procedure, how was this national asset "Given Away" for a Pvt. Ltd.??????

This is a worse transaction than Waters Edge, Insurance Corporation, LMSL and all other scandals put together!!!!!!

Dinesh Thursday, 24 May 2012 08:22 AM

Peple like you dont udstand the previous comment to reply trying make comments about country!!

Psycho Friday, 25 May 2012 02:42 AM

Hungry stomach is very lite to be fiiled with satelite.

sindhuja Friday, 25 May 2012 01:23 AM

It costs nothing! See how much it costs to make announcements in public!

Kiwi Friday, 25 May 2012 01:10 AM

What are they going to name it? CoL??????????????

Shiraz Thursday, 24 May 2012 07:05 PM

Mihin SAT
LOL

pee da mossa Thursday, 24 May 2012 03:53 PM

Why all this negative thinking, guys ? After all, this is a project by a private company, and unlike the government they will not trow money unless they can recoup it later with dividends. So go ahead, SupremeSAT and good luck !

Peter Thursday, 24 May 2012 03:51 PM

Who will be the first to go to the space?

Hussain Thursday, 24 May 2012 03:29 PM

Well there is nothing startling in this news item. It appears that they hope to build a telecommunications satellite & get someone or country that has the delivery system to put it into orbit. That is not far fetched. Its a probability for Sri Lanka.

janaka Thursday, 24 May 2012 05:15 AM

Not better to clean up the streets and tackle poverty first?

BANDA Thursday, 24 May 2012 05:40 AM

Thanks. that's what only we need

warren Thursday, 24 May 2012 05:36 AM

Are you serious.. I mean come on..

sam Thursday, 24 May 2012 05:31 AM

Finally fantastic news, so many benefits ... To the future then...

Lankan Thursday, 24 May 2012 05:30 AM

after SF another Good news...!

Kondebandapucheena Thursday, 24 May 2012 05:29 AM

Are we ready for this

Cynic Thursday, 24 May 2012 05:24 AM

Wow! This is the only thing Sri Lanka lacked. Suba anagathayak!

Imran Hussein Thursday, 24 May 2012 05:23 AM

Finally. A much needed project.
Bangladesh has started the same at the cost of USD150 million with the US help.

ramkumar Thursday, 24 May 2012 05:16 AM

Can we fly our own kite properly. dreaming too much.

Coconut Donkey Thursday, 24 May 2012 05:45 AM

LOL

mitin Thursday, 24 May 2012 05:09 AM

y are v trying to compete with north korea???

Achari Thursday, 24 May 2012 05:07 AM

Very good news.

The Old Man Thursday, 24 May 2012 05:04 AM

Good Effort... i'm not gonna say anything negative.... at least for now.

anton Thursday, 24 May 2012 04:56 AM

this could have been done in 1999- 2010, so late now. know what i mean....?

tarzan Thursday, 24 May 2012 04:52 AM

we did'nt have my breakfast today because of the train late, you talk about satterlite

Kow Thursday, 24 May 2012 04:43 AM

WoooW.. Sounds great... :)

Ind Thursday, 24 May 2012 04:44 AM

wow !!

LM Thursday, 24 May 2012 07:42 AM

Good to hear that you share your food with others

Dinesh Thursday, 24 May 2012 08:20 AM

Every think sounds good but what is the benift to my own people ? will it remove poverty?

lara Thursday, 24 May 2012 08:14 AM

Do not worry . Amercia wanted to have eye on evertying . its part of spy game.

roshan Thursday, 24 May 2012 08:14 AM

how about reducing the price of food and petrol????
a damn satellite!!! ya right!!!

Ane Kale Thursday, 24 May 2012 07:58 AM

I wonder whether there would be a law "Use this sat only for communication' and tap it.

Ane Kale Thursday, 24 May 2012 07:57 AM

Our costs include the USD 150 + Commissions.

Ane Kale Thursday, 24 May 2012 07:54 AM

Is this to spy?

simple mind Thursday, 24 May 2012 07:53 AM

Imran, read the news article properly the initial investment is 20mn$ , but they never say thats the cost for orbiting the sattelite. If you read between the lines you will notice that they envisage a total investment of 320mn$. which is far more than what Bangladesh is spending.

Common sence. Thursday, 24 May 2012 07:51 AM

Yes very good step towarde the development of Sri Lanka.

Punchi Putha Thursday, 24 May 2012 04:27 AM

This is what the people of Sri Lanka need in this eleventh hour, holy cow!

ase Thursday, 24 May 2012 07:24 AM

@janaka. Don't be so negative pal. India has the same issues in a higher magnitude but see where they are heading

Sammy Thursday, 24 May 2012 07:00 AM

Good idea as long as it has no adverse effect on the economy and on inflation/cost of living.

Srilankan boy Thursday, 24 May 2012 06:38 AM

This will help to locate the Cost of living rocket

Manik Thursday, 24 May 2012 06:24 AM

Yes as we already have astronomical prices for basic consumer items it will be easy send satellites towards heavens.

Tutu Thursday, 24 May 2012 06:13 AM

Any guess for the 'NAME' of the gadget...?

Fusion Thursday, 24 May 2012 05:54 AM

Step in the the right direction, but talk is one thing execution is another.

Ind Thursday, 24 May 2012 05:50 AM

This is not ONLY but ONE need !!

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SL to launch first satellite

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