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
Toktogul Dam day. Toktogul Dam Toktogul Dam is a hydroelectric and irrigation dam on the Naryn River in the Jalal-Abad Province of Kyrgyzstan. It is concrete gravity dam with height of and length of . It is a part of the Naryn-Syr Darya cascade. It is named after Toktogul Satilganov. The Toktogul Hydroelectric Station has installed capacity of 1,200 MW, which makes it the largest power plant in the country. It has four turbines with capacity of 300 MW each. Toktogul Reservoir (, ; ) is the largest of the reservoirs on the path of the Naryn River, a northern tributary of