Mail-Stop 4561
								November 16, 2006

Via facsimile and U.S. Mail
Mr. Henry Fong
President, Treasurer and Chief Financial Officer
Hydrogen Power International, Inc.
7315 East Peakview Avenue
Englewood, Colorado 80111

Re:    Hydrogen Power International, Inc.
                     Amendment No. 2 on Form S-1
	         File No. 333-134155
                     Filed November 6, 2006

Dear Mr. Fong:

      We have reviewed your filing and have the following
comments.
Where indicated, we think you should revise your document in
response
to these comments.  If you disagree, we will consider your
explanation as to why our comment is inapplicable or a revision is
unnecessary.  Please be as detailed as necessary in your
explanation.
In some of our comments, we may ask you to provide us with
supplemental information so we may better understand your
disclosure.
After reviewing this information, we may or may not raise
additional
comments.

      The purpose of our review process is to assist you in your
compliance with the applicable disclosure requirements and to
enhance
the overall disclosure in your filing.  We look forward to working
with you in these respects.  We welcome any questions you may have
about our comments or on any other aspect of our review.  Feel
free
to call us at the telephone numbers listed at the end of this
letter.

Prospectus Cover Page
1. As previously requested, revise the disclosure to clarify the
sellers will be selling "at the market" or at other negotiated
prices.
Selling Securityholders, page 18
2. With regard to the sellers, "Global Hydro Fuel Technology,
Inc.",
"Dil Gujral", and "Aton Select Fund Limited"  revise the Selling
Securityholder section and the Plan of Distribution to identify
these
three as "underwriters".

Incorporation by Reference
3. Supplementally advise the staff as to the Company`s ability to
comply with General Instruction VII D.1(a),(b),and (c) of Form S-
1.
In this regard, please provide an analysis.
4. Advise the staff how you determined that Hydrogen power was the
successor issuer to Equitex, as contemplated by General
Instruction
VII E.
5. Revise, if necessary, to include any Forms 10-Q`s or 8-K`s
filed
subsequent to the date of this letter.

Closing Comments

      As appropriate, please amend your filing and respond to
these
comments within 10 business days or tell us when you will provide
us
with a response.  You may wish to provide us with marked copies of
the amendment to expedite our review.  Please furnish a cover
letter
with your amendment that keys your responses to our comments and
provides any requested information.  Detailed cover letters
greatly
facilitate our review.  Please understand that we may have
additional
comments after reviewing your amendment and responses to our
comments.

	 We urge all persons who are responsible for the accuracy and
adequacy of the disclosure in the filing to be certain that the
filing includes all information required under the Securities
Exchange Act of 1934 and that they have provided all information
investors require for an informed investment decision.  Since the
company and its management are in possession of all facts relating
to
a company`s disclosure, they are responsible for the accuracy and
adequacy of the disclosures they have made.

	In connection with responding to our comments, please
provide,
in writing, a statement from the company acknowledging that:

* the company is responsible for the adequacy and accuracy of the
disclosure in the filing;

* staff comments or changes to disclosure in response to staff
comments do not foreclose the Commission from taking any action
with
respect to the filing; and

* the company may not assert staff comments as a defense in any
proceeding initiated by the Commission or any person under the
federal securities laws of the United States.

      In addition, please be advised that the Division of
Enforcement
has access to all information you provide to the staff of the
Division of Corporation Finance in our review of your filing or in
response to our comments on your filing.




	Any questions regarding the comments may be directed to
Michael
Clampitt at (202) 551-3434 or to me at (202) 551-3698.

						Sincerely,

						Christian Windsor
						Special Counsel
						Financial Services Group



CC:	Via U.S. Mail and Fax: (612) 642-8305
	William Mower, Esq.
	Maslon, Edelman, Borman & Brand, L.L.P.
      3300 Wells Fargo Center
      90 South 7th Street
      Minneapolis, MN 55402


Mr. H. Fong
Hydrogen Power International, Inc.
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