Given that,
Mass of the water to be raisedm=1000kg
Height through which it will be raisedh=60m
Acceleration due to gravityg=9.8m/s2
Time taken t=5min=300s
Work done in lifting the water
W=mgh
W=1000×9.8×60
W=588000J
Power is defined as the rate of doing work
P=Wt
P=588000300
P=1960Watts
P=2.63 hp
Hence, the power of a motor is 2.63 hp