If the turbines have been sitting idle in water for almost 100 years then I would suspect the bearings etc are shot.
Technology has moved quite a ways since then as well. Not just with electron load balancing, but generator technology as well.
I would be inclined to strip out the turbines and generators, and
sell them as scrap. I'd then use the money to purchase newer, lower rated generators and turbines. Personally, I'm surprised that they expected to generate 200KW with only a 2m head.
If you're seriously looking at sinking half a million into this, then I would hire a consultant to check out the site. It'll cost a few thousand, but they may save you much more in the long run. There is a good reason why the
project was mothballed. Maybe finding out why would be a good exercise. If it was technical / economic then things may not have changed.