NEW WORLD POWER CORPORATION
8-K, 1996-09-17
ENGINES & TURBINES
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                       SECURITIES AND EXCHANGE COMMISSION

                              WASHINGTON, DC 20549

                              --------------------

                                    FORM 8-K

                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the

                         Securities Exchange Act of 1934



      Date of Report (Date of earliest event reported): SEPTEMBER 10, 1996

                         THE NEW WORLD POWER CORPORATION
             (Exact name of registrant as specified in its charter)


     DELAWARE                       0-18260               52-1659436
- --------------------------------------------------------------------------------
(State or other jurisdiction      (Commission             (IRS Employer
   of incorporation)              File Number)         Identification No.)
                                                  
         The Farmhouse, 558 Lime Rock Road, Lime Rock, Connecticut 06039
- --------------------------------------------------------------------------------
                    (Address of principal executive offices)


       Registrant's telephone number, including area code: (860) 435-4000


                                       N/A
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)
<PAGE>
         Item 4.           CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT

         On  September  10,  1996,  Price  Waterhouse  LLP ("Price  Waterhouse")
resigned  as  independent  accountants  to the  Registrant.  Price  Waterhouse's
accountant's report on the financial statements of the Registrant for the fiscal
year ended December 31, 1995 (the period for which Price  Waterhouse was engaged
as independent accountants) did not contain any adverse opinion or disclaimer of
opinion and was not  qualified or modified as to  uncertainty,  audit scope,  or
accounting  principles.  There were no other reportable  events or disagreements
with Price  Waterhouse to report in response to Item 304(a) of  Regulation  S-K,
Section 229.304(a).

         Item 7.           FINANCIAL STATEMENTS AND EXHIBITS

         Exhibit 16 - Letter, dated September 10, 1996 from Price Waterhouse LLP
to the Registrant.


                                       -2-
<PAGE>
                                    SIGNATURE


         Pursuant to the  requirements  of the Securities  Exchange Act of 1934,
the  Registrant  has duly  caused  this report to be signed on its behalf by the
undersigned hereunto duly authorized.


                                             New World Power Corporation



Dated: September 17, 1996                    By: /s/ Frederic Mayer
                                                --------------------------------
                                                  Frederic Mayer
                                                  Acting Chief Financial Officer


                                       -3-

PRICE WATERHOUSE LLP



September 10, 1996



Mr. John D. Kuhns
Chief Executive Officer
New World Power Corporation
The Farmhouse
558 Lime Rock Road
Lime Rock, CT  06039

Dear John:

Unfortunately,  we have  unable to reach  each  other via phone  during the last
couple of weeks.  The  purpose  of my phone  call was to inform  you that  Price
Waterhouse  LLP will be unable to continue as the New World Power  Corporation's
accountant for the 1996 audit year.

Obviously, we will cooperate to facilitate a transition to other accountants.  I
am available to discuss this in more detail at your convenience.

Regards.

/s/ J. Timothy Reilly

J. Timothy Reilly


cc:      Robert W. MacDonald


                                       -4-


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