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Message: <blockquote data-quote="ibnanv" data-source="post: 17521187" data-attributes="member: 218596">China: Power plant burns banknotes instead of coal<img src="http://news.bbcimg.co.uk/media/images/79643000/jpg/_79643030_afp97599095.jpg" alt="" class="fr-fic fr-dii fr-draggable " style="" /> A company in one Chinese city has money to burn, and is using it to make electricity, it's reported.         The power plant in Luoyang, central Henan Province, is  burning old and damaged banknotes instead of coal - the first time this  has been done in China, the official Xinhua news agency reports.  The plant says one tonne of notes can generate more than 600 kWh of  electricity, and is better for the environment than burning coal. The  country's central bank, the People's Bank of China, has given permission  for the notes to be burned, and says it's an efficient way to make  electricity. With the province's unused paper money the company "can  help generate 1.32 million kWh of electricity annually, which is equal  to burning 4,000 tonnes of coal", a member of staff at the bank tells  Xinhua.          Banknotes which are withdrawn from circulation in China after  being worn out by handling or other damage are most commonly used to  make paper products, according to the Dahe Daily news website.  The idea of setting fire to the city's cash has amused Chinese social  media users. "Burning money? Luoyang is such a rich city!" says one  Weibo user, while another person writes:  "I'm willing to go a year without electricity, please give me a pile of  cash!" But one user has a craftier suggestion: "Hire me as an employee,  I promise I won't take any money."</blockquote>

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