Aswan Dam allies in the Middle East, including Turkey and Iraq, were irritated and jealous that Egypt, a persistently neutral country, was being offered so much aid. In June 1956, the Soviets offered Nasser $1.12 billion at 2% interest for the construction of the dam. On 19 July the U.S. State Department announced that American financial assistance for the High Dam was "not feasible in present circumstances." On 26 July 1956, with wide Egyptian acclaim, Nasser announced the nationalization of the Suez Canal as well as fair compensation for the former owners. Nasser planned on the revenues generated by the canal helping
Pangani Falls Dam Pangani Falls Dam Pangani Falls Dam is a dam in Tanzania, which is part of the Pangani Hydro Systems. The dam is located at Koani in the Muheza District of the Tanga Region, about 8 km south of another power station at Hale. The Pangani falls power station has two turbines and has an installed capacity of . Construction of the dam began in December 1991 and was commissioned quickly just 3 years later to aid the ailing power shortages in the country. The entire project was funded by European Scandinavian nations (Norway, Finland and Sweden), which jointly decided to