The grade II listed building fell into disrepair in the 1980s
Developers have unveiled their latest plans to redevelop Battersea Power Station - one of the London's most familiar landmarks.
Wandsworth Council have received a planning application for the £5.5bn redevelopment of the 40-acre site.
The plans would see 3,700 homes built alongside offices, shops and restaurants on the site by the River Thames in south-west London.
The building fell into disrepair after it stopped producing power in 1982.
Regeneration plans in the 1980s were hampered by rising costs while economic recession further halted work.
But developers were confident about the latest proposals for the grade II listed building.
"We are extremely confident that two years of detailed discussions mean that this masterplan represents the aspirations and concerns of all the stakeholders involved, not least the Battersea community," said Rob Tincknell, of developers Treasury Holdings UK.
"It is a plan that, vitally, will finally deliver this important site's regeneration and create a compelling and vibrant new urban quarter for London."
The proposals are subject to planning permission from Wandsworth Council.
Councillor Edward Lister, leader of the council said: "Everyone wants to see the power station restored and the whole site developed to provide new homes and jobs."