Banimboola Power Station is located on the regulating pondage (Lake Banimboola) of Dartmouth Power Station, Victoria's largest hydro power station. It was completed in December 2005.
Banimboola Power Station utilises irrigation water leaving the regulating pondage as it is released from Dartmouth Dam into the Mitta Mitta river.
The power station uses three horizontal Kaplan type turbo generators, two large units of 5 MW & one smaller unit of 2.2 MW. The smaller unit is capable of generating even during low river releases. The power station has a total capacity of 12.2 MW, with an average annual energy output in the order of 35 GWh.