Is Battersea Power Station overvalued? MOF reveals forensic audit findings (opens original article in a new tab)

The Ministry of Finance stated that forensic audit findings show no evidence of overvaluation in the Battersea Power Station project's financial statements, with accounting practices found to be in line with international standards.

• Independent auditor Evelyn Partners found no evidence of overvaluation in Battersea Power Station project's financial statements
• MOF stated that accounting practices followed international standards and PwC certified the company's accounts
• Adjustments to investment valuation were made following 2025 allegations but no further investigation is needed
• Project's performance and valuation are regularly monitored according to governance practices