The plans include proposals to generate electricty in the iconic power station for the first time in a quarter of a century, but from renewable sources as oppose to coal. A new combined cooling, heat and power plant, using biofuels and waste will be used to produce energy with two of the existing power station’s chimneys being reused as flues for this new Energy Centre.
REO is planning to spend £150 million on saving and repairing Sir Giles Gilbert Scott’s 1930s power station. It will be developed to incorporate hotel, residential and retail accommodation but key historic spaces retained and open to the public.
Alongside the existing power station there will be a new landmark building designed by the architect Rafael Viňoly, featuring a 300 metre high Chimney and Eco-Dome.
The masterplan, unveiled today by Treasury Holdings UK on behalf of REO, will regenerate an area of London that will provide approximately 750,000 square metres of residential, office and retail space. There will be a six acre public park, a riverside walk and an urban square.
Construction work is planned to start in 2012, but this is dependent on the planning process. Construction is estimated to take eight years.
Treasury Holdings UK is in discussions with Transport for London and other landowners in the Nine Elms about building an extension of the Northern Line from Kennington to bring the Tube into the heart of Battersea.