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9 October 2011, 12:22 | Updated: 9 October 2011, 12:26
All four of Battersea Power Station's white brick chimney's need to be knocked down and rebuilt.
The chimneys, which have been a feature of London's skyline for nearly 80 years, are more than 20 years over their design life so are at risk of collapsing.
The Reuters News Agency say the owner of the station, Real Estate Opportunities, plan to take them down and rebuild them one by one.
It's claimed the project is one of the largest regeneration proposals being considered in the capital and is expected to provide up to 25,000 jobs, with about 15,000 people working within the station.