The plans would see part of the existing power station converted into a combined heat and power (CHP) plant, generating energy from waste, biofuels and ‘other renewable sources’.

They also include plans for a huge building which will be the ‘greenest in Britain’ thanks to a natural ventilation system and other sustainable features.

The claims of previous developers aiming to regenerate the landmark site have been trashed by those living near the former power station, where local belief appears to be that the figures will never stack up.

But Real Estate Opportunities, the masterminds behind this latest plan, insists it will make good on its promises.

Rob Tincknell, managing director of REO’s development manager, Treasury Holdings UK, said: “We don’t embark on projects that we can’t deliver. We are determined that Londoners will not be disappointed and this area will be brought back to life in the most spectacular way.

“It will be a place to live, work and play.”

The developers say their aim is to create of a zero carbon environment the delivery of a sustainable mixed-use development.

REO is planning to spend £150 million on saving and repairing Sir Giles Gilbert Scott’s 1930s power station, with the key historic spaces retained and open to the public. It would be developed to incorporate hotel, residential and retail accommodation.

Sam Bond

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