The article highlights the critical importance of asbestos management during the rehabilitation of aging hydropower plants (HPPs), many of which were built over 40 years ago and contain asbestos in insulation, gaskets, and cement materials. It emphasizes the severe health risks posed by asbestos exposure during refurbishment projects and the potential for project delays, legal liabilities, and reputational damage if not properly managed. The article advocates for engaging expert asbestos consultancy services to conduct thorough surveys, develop management plans, and ensure compliance with global standards like those set by the World Bank, IFC, and UK HSE. By addressing asbestos risks proactively, contractors can safeguard workers, ensure project success, and meet international funding requirements.