Eildon Pondage Power Station is a hydroelectric power station on the Eildon Pondage at Lake Eildon, Victoria, Australia. Eildon Pondage has one turbo generator, with a total generating capacity of 4.5 MW of electricity. It is owned and operated by Pacific Hydro, and the electricity produced is sold to electricity retailer TXU.

Eildon Pondage re-uses the water from Eildon Power Station, which is stored in the pondage to ensure a controlled release into the Goulburn River downstream from Lake Eildon