A rectangular loop of sides $12 \mathrm{~cm}$ and $5 \mathrm{~cm}$, with its sides parallel to the $x$-axis and $y$-axis respectively, moves with a velocity of $5 \mathrm{~cm} / \mathrm{s}$ in the positive $x$ axis direction, in a space containing a variable magnetic field in the positive $z$ direction. The field has a gradient of $10^{-3} \mathrm{~T} / \mathrm{cm}$ along the negative $x$ direction and it is decreasing with time at the rate of $10^{-3} \mathrm{~T} / \mathrm{s}$. If the resistance of the loop is $6 \mathrm{~m} \Omega$, the power dissipated by the loop as heat is $\underline{\hspace{2cm}}\times 10^{-9} \mathrm{~W}$.