Graphene, the two-dimensional (2D) nanomaterial, draws interest of several researchers due to its many superior properties. It has extensive applications in numerous fields. A turbine is a hydraulic machine which extracts energy from a fluid and converts it into useful work. Recently, Gudukeya and Madanhire have tried to increase the efficiency of Pelton turbine. Beucher et al. have also tried the same by reducing friction between fluid and turbine blades. In this paper, we study the advantages of using graphene as a coating on Pelton turbine blades. It is found that the efficiency of turbines increases, running and maintenance cost is reduced with more power output. By the application of graphene in pipes, cavitation will be reduced, durability of pipes will increase, operation and maintenance cost of water power plants will be less.