Jeez, this has got a response hasn't it...
I reckon that just building another dam is a bit short-sighted. What do you do next time?
It is like changing to nuclear, it can be done (and nuclear actually has relatively little waste/danger - but the waste/danger is serious).
The problem is that no resource is infinite. A better approach is along the lines of what a few people here are saying, water conservation.
Let's be sensible with what we have before considering using up resources that will have flow on effects later.
Oh also, Grunt is absolutely right about hemp...
Cam