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
Jigüey Dam Jigüey Dam The Jigüey Dam is an arch-gravity dam on the Nizao River about east of San Cristóbal in San Cristóbal Province of the Dominican Republic. At tall, it is the third highest dam in the country. The purpose of the dam is to produce hydroelectric power and it supplies the largest hydroelectric power station in the country. The dam diverts water through over of headrace pipe and penstock to the power station downstream. The power station contains two 49 MW Francis turbine-generators for an installed capacity of 98 MW. The dam was completed and its power station was commissioned