The project includes a 1000ft-high glass tower - higher than Canary Wharf - next to the brick instantly recognizable landmark.
There will be more than 3000 houses, shopping malls, a boutique hotel and a "green" office quarter.
Plans also call for a new drive off the Northern Line to link the power station site to the subway.
The Irish developers, the third owners of the plant since it was closed in 1983, described the regime as "the most exciting real estate never proposed to introduce in Britain."
His most radical element is the transparent canopy over the development office officially known as the Ecodome, but now called "The Funnel."
The funnel, the creation of the Uruguayan architect Rafael Vinoly, will be crowned with a huge fireplace glass and offer its own "natural" air conditioning for development, greatly reducing its electricity needs.
Developer UK Treasury Holdings said it was essential to make the whole project carbon neutral. If it gets the go ahead, the funnel exceed any structure now stands in London, when completed in 2019.
We tower over the 771ft One Canada Square in Canary Wharf.
The developers insist that the transparent dome, to be of material similar to covering the Eden Project in Cornwall, is not a building but a "solar-driven system of natural ventilation," the largest of its kind in the world.
It will cover a 2.5million square feet of office development which will have only one third of the energy needs of conventional offices.
The sun warmed the air under the dome, causing it to rise up the tower, known as the chimney.
That, in turn suck in air from outside the glass canopy, which will stop at a third floor, creating a constant cool breeze that office.
The fireplace surround the apartments up to 240 meters, but the top 60 meters will be an empty glass tube.
Lack of electricity-hungry air conditioners will help developers achieve its goal of carbon neutrality, which makes the draft enormous attraction for "progressive" tenants such as Goggle and Apple to developers who hope to attract.
Rob Tincknell, general director of Treasury Holdings UK, said: This is not a symbolic gesture, it will make a serious dent in the level of emissions.
"The annual reduction of carbon is 80000 tones of CO2 per year, the same as a city the size of Newbury."
On both sides of the plant is three large apartment blocks built "no higher" than the base of the chimney.
In total there will be 3200 dwellings on the site, a huge advance in the 750 proposed by the previous owners Parkview.
Today's proposal is the latest in a long succession of plans to find a use for the 83-year-old plant. All have failed due to spiraling costs and the rapid deterioration of the building.
The latest project is likely to be the last chance to save the world famous "cathedral of industry" with its four towers white chimneys on the Thames. It has remained abandoned for 25 years and is in desperate need of repair work.
The chimneys, which are suffering from the putrefaction concrete, which will be demolished and replaced by replicas.
The power station will be restored in the centre of one of 38 acres with eight million square feet of shops, apartments, cafes, offices and a hotel.
The developers want to create three floors of shops with many independent stores "that gives the impression of a Covent Garden or a Neal's Yard." and a two-storey hotel.
Tincknell Lord said: ' This will be the first truly verifiable Britain carbon neutral major development.
"If people begin to see the credibility of the system and see the benefits of it, I think that people will support it '.
The power plant was purchased by Irish property magnates Johnny Ronan and Richard Barrett, who control the Treasury Holdings, for 400 pounds last year.
source[dailymail.co.uk]
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