It's part of a multi-billion-pound programme of funding designed to "get Britain's economy moving". Along with the Tube stations will come a redevelopment of Battersea Power Station, which will include shops, office space and leisure facilities. It's expected this will create 25,000 jobs and 16,000 homes.
The BBC report that "The landmark will be restored to generate green energy in the future, but its chimneys will be demolished and rebuilt, as they are "beyond repair". The Grade II listed building opened in 1933 and generated power until 1983."