After more than 12 hours of non-stop talks in Addis Ababa, Egypt's ministers of foreign affairs and irrigation, along with the country's intelligence chief, reached on Wednesday morning an agreement with their Ethiopian and Sudanese counterparts on the next steps to reconcile their views on the Grand Ethiopian Renaissance Dam (GERD), the Egyptian Foreign Ministry announced.
The Dangote Cement Factory in Ethiopia was commissioned in May 2015 and is the largest such plant in the country.
The current dispute between Egypt on one hand, and Ethiopia and Sudan on the other, is based on the preliminary report prepared by a French consultant office for a study to be carried out by the latter, which identifies the potential negative impacts of the Ethiopian dam at the economic, social and environmental aspects.
The three countriesÂ´ representatives agreed to establish a scientific study group to consult on the rules for filling the reservoir, taking into account the principle of equitable and reasonable use of shared water resources.
Cairo will invite high-ranking officials for a 3 July meeting to discuss the framework for that fund and will relay the results of that meeting to the Sudanese and Ethiopian leaders.
Egypt, which relies nearly totally on the Nile for irrigation and drinking water, fears Ethiopia's Grand Renaissance Dam may reduce its water supplies from the Nile.
According to Egyptian local media, the country depends on water from the Nile water for drinking and irrigation purposes.
"We have charted a road map that, if successful, will be able to break difficulties that we have been facing", Egypt's Foreign Minister Sameh Shoukry told reporters after the marathon talks. Once complete it will generate about 6,400 megawatts, more than doubling Ethiopia's current production of 4,000 megawatts.