Aswan Dam the water saved is lost due to evaporation in Lake Nasser, the amount of water available for irrigation still increased by 22 km. Other estimates put evaporation from Lake Nasser at between 10 and 16 cubic km per year. The dam powers twelve generators each rated at , with a total of . Power generation began in 1967. When the High Dam first reached peak output it produced around half of Egypt's production of electric power (about 15 percent by 1998), and it gave most Egyptian villages the use of electricity for the first time. The High Dam has also
Aswan Dam that time the U.S. feared that communism would spread to the Middle East, and it saw Nasser as a natural leader of an anticommunist procapitalist Arab League. America and Britain offered to help finance construction of the High Dam, with a loan of $270 million, in return for Nasser's leadership in resolving the Arab-Israeli conflict. While opposed to communism, capitalism, and imperialism, Nasser presented himself as a tactical neutralist, and sought to work with both the U.S. and the USSR for Egyptian and Arab benefit. After a particularly criticized raid by Israel against Egyptian forces in Gaza in 1955, Nasser