Apartments do not "fit" with the project to convert the power station.
Major regeneration plan for Alcudia.
In addition to the site of the old power station, the town hall was due to have received surrounding land, for which there was an anticipated cost of 60,000 euros for upgrading.
The company submitted a list of 150 proposed projects to receive a chunk of the European Union's 750 billion euro rescue package.
The agreement brings a decade of litigation to an end.
“The urbanisations were built between the 1950s and 1970s, so they have an old electricity network which has not been adapted to cope with current demand."
Under the plan, Endesa will retrieve ownership of the building and be allowed to undertake development, but not on the seafront.
The town hall still wants to prevent any seafront building by Endesa.
Palma town hall is insisting that there can't be any building on the land and that there should be a park.
If the building is returned to Endesa, it could become a hotel.
Endesa want the old power station to be declared a ruin.
Endesa would prefer to demolish the old power station entirely.
The Council of Majorca's heritage department is seeking a way to preserve the old power station in Alcanada (Alcudia).
The electricity company says that there are environmental risks from potentially hazardous waste.