Chinese power plant is burning money

A power plant in China is burning money to provide electricity to its customers. In Luoyang City, in the country’s central Henan province, the plant is using old bank notes instead of coal to fuel its furnaces.

According to Xinhua, the People’s Bank of China (PBOC) – the country’s central bank - has approved using the old banknotes for the first time as fuel for the plant.

With the banknotes, the company can help generate 1.32 million kWh of electricity annually, which is equal to burning 4,000 tonnes of coal. The total weight of the paper notes has not been disclosed, nor is it clear what the total Rmb value of the notes has been. The bank notes have been withdrawn from circulation as they have become worn out.

Further reading at news.xinhuanet.com

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