Smokestack is the names for a chimney. He's saying in the past general smoke in the area means he couldn't see the chimneys or beyond, but now the site is decommissioned (and I assume other heavy industries have gone), the air quality is better and he can see from the rhet.
Best guess: you're confused by the word "smokestack". Smokestack is a synonym for chimney. The power station is closed. The chimneys are still there, but there's no smoke coming out of them.