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Title : Despite Persistent Power Shortages North Korea Is Selling Its Electricity To China
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Despite Persistent Power Shortages North Korea Is Selling Its Electricity To China

At dawn, portraits of Kim Il Sung and his son Kim Jong Il are still lit up in Pyongyang. Even during the city’s blackouts, electricity is reserved to light the flame atop Juche Tower. (Photo: David Guttenfelder from the October 125th anniversary issue of National Geographic magazine)

Business Insider: North Korea is so short on money it's selling its much-needed electricity to China

* China is buying electricity from North Korea and will reportedly pay between $60,000 and $100,000 a month.
* North Korea has persistent power shortages and much of the country plunges into darkness at nighttime.
* Selling its much-needed electricity indicates sanctions are hurting North Korea's cash reserves.

Despite persistent power shortages, North Korea is reportedly selling electricity to China for cash.

The deal, which reportedly began on February 9, will see China pay between $60,000 and $100,000 a month for power generated by a hydroelectric dam close to the border between the two countries, according to Seoul-based news outlet Daily NK.

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Update: In blackout North Korea, authorities export electricity to China for cash (Daily NK)

WNU Editor: More signs that sanctions are having an impact.

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