Grand Ethiopian Renaissance Dam on the initial storage in the Aswan High Dam and this filling schedule of the GERD, flows into Egypt could be temporarily reduced, which may affect the income of two million farmers during the period of filling the reservoir. Allegedly, it would also "affect Egypt's electricity supply by 25 to 40 percent, while the dam is being built". However, hydropower accounts for less than 12 percent of total electricity production in Egypt in 2010 (14 out of 121 billion kWh), so that a temporary reduction of 25 percent in hydropower production translates into an overall temporary reduction in Egyptian electricity
Aswan Dam support. Although Dulles believed that Nasser was only bluffing and that the USSR would not aid Nasser, he was wrong— the USSR promised Nasser a quantity of arms in exchange for a deferred payment of Egyptian grain and cotton. On 27 September 1955, Nasser announced an arms deal, with Czechoslovakia acting as a middleman for the Soviet support. Instead of attacking Nasser for turning to the Soviets, Dulles sought to improve relations with him. This explains the later offer of December 1955, in which the U.S. and Britain pledged $56 and $14 million respectively towards the construction of the dam.