irishal,
Testing frequency suggested by BuckHntr and MC might be appropriate for steam and gas turbine. However, if you operate hydro turbines, than such frequency is overkill. Due to a very “gentle” operational conditions with hydro units (low pressure, low flow, low temp), it is quite appropriate to test moisture, TAN, viscosity, particle count, and spectroscopy on a biannual basis. These tests are pretty inexpensive but very telling (informative). RPVOT, rust test and/or Cu-corrosion, foaming and water separation tests are appropriate to do on the annual basis (these tests are more spendy but will give you a good overall picture of the oil). If you often experience ingression of water, then you can do this test more often (even one each month because it is really cheap).