An improved electric power plant (10) includes a water turbine (30) and a drive wheel (34) contained within a housing (22) for converting hydraulic energy to electrical energy. The housing (22) includes openings (90) and (102) for connecting the power plant (10) to a water line (12) or to a sewer line (18) for operating the turbine (30) in either an undershoot or overshoot condition. A plurality of reversible vanes (94) are removably attached to the perimeter of the water turbine (30) for operating the turbine in either an undershoot or overshoot condition. A bypass line (16) extends from the inlet pipe to the housing (22) to the outlet pipe to provide a means for repairing the power plant (10) without interrupting water or sanitary sewer service. The main electrical generator (70) is energized through a belt (72) driven by its engagement with the drive wheel (34). Ultraviolet ray lights (78) and an ozone generator (80) are included within the housing (22) to eliminate bacteria and to reduce odors. A plurality of the power plants (10) may be connected to a central power distribution center (14) for the storage and distribution of the electricity generated by this plant.