Ethiopia has rejected a request by Egypt to jointly build the Renaissance Dam to make sure the north African’s country share of river Nile’s water is secured.

Ethiopia has laid out plans to invest more than $12 billion in harnessing the rivers that run through its rugged highlands to generate more than 40,000 MW of hydropower by 2035, making it Africa’s leading power exporter.

The plan’s centerpiece is the $4.1 billion Renaissance Dam along the Nile River in the western Benishangul-Gumuz region, which the horn of Africa nation says is on course to be completed on time in 2015.

The Egypt Independent quoted Turkish Anadolu news agency citing an Ethiopian diplomat on the sidelines of the Arab-African summit in Kuwait as saying that the Ethiopian Prime Minister adhered to the Entebbe Convention and rejected any Egyptian supervision or participation in the construction of the dam.

The Entebbe agreement states indirectly that the share of the downstream countries, namely Egypt and Sudan, could be reconsidered so that upstream countries, including Ethiopia, may receive a fair and reasonable share and does not refer to any rights for downstream countries to supervise water projects of upstream countries.

The Entebbe Framework Convention was signed by Ethiopia, Rwanda, Burundi, Kenya, Tanzania and Uganda in May of 2011. Egypt, Sudan, South Sudan and the Democratic Republic of Congo did not sign the agreement.