Grand Ethiopian Renaissance Dam production of less than 3 percent. The Grand Ethiopian Renaissance Dam could also lead to a permanent lowering of the water level in Lake Nasser, if floods are stored instead in Ethiopia. This would reduce the current evaporation of more than 10 billion cubic meter per year, but it would also reduce the ability of the Aswan High Dam to produce hydropower to the tune of a 100 MW loss of generating capacity for a 3 m reduction of the water level. However, the increased storage in Ethiopia can provide a greater buffer to shortages in Sudan and Egypt during
Aswan Dam High Dam has resulted in protection from floods and droughts, an increase in agricultural production and employment, electricity production, and improved navigation that also benefits tourism. Conversely, the dam flooded a large area, causing the relocation of over 100,000 people. Many archaeological sites were submerged while others were relocated. The dam is blamed for coastline erosion, soil salinity, and health problems. The assessment of the costs and benefits of the dam remains controversial decades after its completion. According to one estimate, the annual economic benefit of the High Dam immediately after its completion was E£255 million, $587 million using the