BEIJING, April 2 -- The Great Wall Industry Corporation of China (GWIC) said late on Tuesday that it has delivered the communications satellite project to Bolivia.

A delivery ceremony was held on Tuesday in La Paz, the Bolivian capital, where the Chinese company also delivered the ground application system to the Bolivian Space Agency (ABE).

Chinese ambassador to Bolivia Li Dong said that the satellite project was an exemplary model for bilateral cooperation. "We hope that China and Bolivia will cooperate in more fields," Li said.

The satellite, with a designed life of 15 years, was produced by China Aerospace Science and Technology Corporation (CASC), the parent company of GWIC. It is Bolivia's first communications satellite.

The satellite, launched late last year, is named Tupac Katari in honor of an 18th century indigenous hero who fought Bolivia's Spanish colonizers.

ABE chief Ivan Zambrana said earlier that the successful launch of the satellite will bring Bolivia into an age of digital economy and make its people more connected.