Precisely in these new openings, especially with China, the President has given home to exchanges that favor him in their advance towards a country that take advantage of the achievements of advanced countries. From there, his interest in acquiring this satellite. But how this project was carried out? Known as Wikipedia review the Simon Bolivar satellite was created as part of the VENESAT-1 project promoted by the Ministry of science and technology in mid-2004. That same year began discussions with the Federal Space Agency Russian, in principle he tried to realize the agreement with Russia but the refusal of this to the Venezuelan proposal of technology transfer, which included the formation of technicians specialized in the handling of the Simon Bolivar satellite project, Venezuela decides to abandon the agreement with Russia. Then in October 2004 the Venezuelan Government decided to start talks with China who accepted the proposal.
Thus Venezuelan technicians would be trained in technology satellite, development of software and technical training for the management of the satellite from the ground. It is said, that the future for the Venezuelan Government expects to produce satellite technology aimed to launch satellites from Venezuelan soil, with its own technology. The project was approved and the satellite manufactured and put into orbit by the China National Space Administration amounting to more than 400 million dollars according to the specifications of the International Telecommunication Union. It is expected that with the launch of the satellite in orbit, Venezuela get greater technological and data independence. What is the objective of this satellite? In this respect is, it means that facilitate access and transmission of data by Internet, telephone, television, telemedicine and tele-education services. It includes cover all those national requirements that have to do with telecommunications especially in places with low population density. Equally, aims to consolidate the programmes and projects executed by the State, ensuring reach the remotest places, placing in those places points of connection with the satellite, in such a way that ensures real-time education, Diagnostics and information to this population that may not have access to any means of communication and training.