Power plant burns piles of cash to generate electricityBy Mason White 1:35 PM December 15, 2014
By: Tanya Malhotra
A power plant in China, announced that it began burning piles of cash to generate electricity.
The power plant in Luoyang, Henan, is burning old and damaged cash instead of coal for the first time.
A spokesperson for the power plant said that one ton of cash can generate more than 600 kWh of electricity. It is also better for the environment than burning coal.
The central bank of the country, the People’s Bank of China, has given permission for the notes to be burned, and said that it is an efficient way to produce electricity.
Experts estimate that with the discarded paper money the company can generate 1,320,000 kWh of electricity per year, equivalent to burning 4,000 tons of coal.