The Egyptian Ministry of Water Resources and Irrigation said on Saturday that the negotiations of the Renaissance Dam reached a dead end due to the Ethiopian side's strictness and its rejection of all proposals that take into consideration Egypt's water interests.
This came in a statement to the ministry, following a meeting of ministers of water resources from Egypt, Sudan and Ethiopia, in the Sudanese capital Khartoum.
The $ 4 billion Ethiopian Grand Renaissance Dam was announced in 2011 and was designed to be the cornerstone of Ethiopia's bid to become Africa's largest energy exporter by generating more than 6,000 megawatts of electricity.
The dam carries economic benefits to Ethiopia and Sudan, but Egypt fears that it will restrict already limited supplies of the Nile, which uses its water for drinking, agriculture and industry.