Egypt, Ethiopia, Sudan will finalize the agreement on the Blue Nile dam this month

WASHINGTON (Reuters) – The ministers of Egypt, Ethiopia and Sudan agreed to meet again in Washington later this month to finalize an agreement on a giant hydroelectric dam in the Blue Nile that caused a diplomatic crisis between Cairo and Addis Ababa.

Ministers met in Washington this week and agreed to fill the Ethiopian Renaissance Grand Dam (ERGE) for $ 4 billion in stages during the rainy season, taking into account the impact on downstream deposits, the Treasury Department said. from the United States, which organized the meeting, in a statement. statement.

They will meet again in Washington from January 28-29 to finalize the agreement with technical and legal discussions, according to the statement.

Cairo fears that the dam, announced in 2011 and under construction on the Blue Nile, near the border of Ethiopia with Sudan, restricts the already scarce supply of Nile waters, of which its population of more than 100 million people It depends almost completely.

Addis Ababa denies that the dam will undermine Egypt’s access to water and says the project is crucial for its economic development, as it aims to become Africa’s largest energy exporter with a projected capacity of more than 6,000 megawatts.

The three regional powers met in Washington for the third time on Monday, with the aim of reaching an agreement before the deadline on Wednesday that the nations agreed after a November meeting with US Secretary of the Treasury, Steven Mnuchin, and the president of the World Bank, David Malpass.

Daphne Psaledakis report; Edition by Chris Reese and Richard Chang

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