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
Monasavu Dam In 1992, the power station was supplying 92% of Viti Levu's, the main Fiji island, power. This share dropped to 49% in 2006 due to growing power demand. Monasavu Dam The Monasavu Dam is a rock-fill embankment dam on the Nanuku River about northwest of Suva in Naitasiri Province, Fiji. It is located just above the Monasavu Falls and is both the tallest and largest dam, which also withholds the largest reservoir in the country. The primary purpose of the dam is to produce hydroelectric power and it supports an power station. To offset fossil fuel imports for power production