Small hydro plants in Colombia are an alternative for generating renewable energy but only approximately 2.25% have developed; to encourage the use of these systems in Colombia a feed in tariff policy is studied for small hydro power plants with generating capacity between 1 MW to 10 MW connected to the national grid, since their energy cost is above the pool price. Also recommendations are set to overcome barriers to implementing this technology in Colombia and a review of the current Colombian regulatory framework is performed.