Owing to complaints from local residents following , the owners decided not to risk causing them any further disruption by putting up a new venue.
A statement from the owners reads: "We want to give as many people as possible the opportunity to hold events, launches and celebrations at the iconic Power Station, but we are clear that this must only ever happen in a way which poses least inconvenience to our neighbours.
"Following a recent event held at the venue, which was hosted by a third party, it became clear that some of the high standards and levels of consideration we expect of our clients were not being upheld.
"As a result we believe the appetite locally for events on a large scale has diminished. We have therefore reviewed the forthcoming programme of events and decided that rather than proceed with a large, new events space on the south of the site, called The Power House, we will instead focus on offering smaller events in temporary venues on our riverside Pop Up Park."
The owners added that even though they were certain the Power House venue would have operated in such a way to mitigate any noise and disruption, their priority was the local residents.
"By moving to smaller, bespoke events we are confident we can continue to find new and imaginative ways of bringing people into contact with the Power Station in a way with which our neighbours can feel comfortable and hopefully in which they can take part."
The Power House venue was set to replace the Boiler House structure and have a maximum capacity of 2,000.
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