Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Egypt and Sudan criticize Ethiopia at start of new Nile dam talks

Published 07/27/2020, 03:21 PM
Updated 07/27/2020, 03:41 PM
© Reuters. FILE PHOTO: Water flows through Ethiopia's Grand Renaissance Dam as it undergoes construction work on the river Nile in Guba Woreda

CAIRO/KHARTOUM (Reuters) - Egypt and Sudan criticized Ethiopia for what they called unilateral filling of its Blue Nile dam at a new round of talks that kicked off on Monday to regulate the flow of water from the huge project.

Sudan and Egypt both fear the $4 billion hydroelectric dam could lead to water shortages in their own countries. The Blue Nile is a tributary of the Nile, from which Egypt's 100 million people get 90% of their fresh water.

Almost a decade of tortuous negotiations have failed to yield an agreement to regulate how Ethiopia will fill the reservoir and operate the dam while protecting Egypt's scarce water supplies.

The Grand Ethiopian Renaissance Dam is being built about 15 km (9 miles) from the border with Sudan on the Blue Nile, which provides the bulk of the water in the Nile after it meets the White Nile in Sudan.

Last week, Ethiopia, which says it needs the dam to generate electricity for its people, said it had already achieved its first-year target for filling the reservoir, thanks to a heavy rainy season.

Egypt and Sudan expressed concerns about the "unilateral filling", which they said "cast a shadow on the meeting and raised many questions about the feasibility of the current course of negotiations and reaching a fair agreement", Egypt's Irrigation Ministry said in a statement.

Sudan said Ethiopia's action was "a harmful and disturbing precedent in the course of cooperation between the countries concerned", according to a statement from its Irrigation Ministry.

© Reuters. FILE PHOTO: Water flows through Ethiopia's Grand Renaissance Dam as it undergoes construction work on the river Nile in Guba Woreda

There was no immediate word from Ethiopia. Among the issues at stake in the talks, being hosted by the African Union, are how the dam will operate during "dry years" of reduced rainfall, and whether the agreement and its mechanism for resolving disputes should be legally binding.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.