Venezuela: Venezuela signed manufacturing contract with China for the development of its remote sensing (RS) satellite. The satellite will be launched in October 2012.
“This remote sensing satellite will be for monitoring of natural phenomena, such as earthquakes, floods and heavy rains,” said Menendez, the minister for Science, Technology and Intermediate Industries, Venezuela.
The life of satellite will be five to six years. It will cost Venezuela USD 1.4 billion.
Source: People’s Daily