We measure the power spectrum of the galaxy distribution in the ESO Slice P
roject (ESP) galaxy redshift survey. We develop a technique to describe the
survey window function analytically, and then deconvolve it from the measu
red power spectrum using a variant of the Lucy method. We test the whole de
convolution procedure on ESP mock catalogues drawn from large N-body simula
tions, and find that it is reliable for recovering the correct amplitude an
d shape of P(k) at k > 0.065 h Mpc(-1). In general, the technique is applic
able to any survey composed of a collection of circular fields with an arbi
trary pattern on the sky, as typical of surveys based on fibre spectrograph
s. The estimated power spectrum has a well-defined power-law shape k(n) wit
h n similar or equal to -2.2 for k greater than or equal to 0.2 h Mpc(-1),
and a smooth bend to a flatter shape (n similar or equal to -1.6) for small
er k. The smallest wavenumber where a meaningful reconstruction can be perf
ormed (k similar to 0.06 h Mpc(-1)) does not allow us to explore the range
of scales where other power spectra seem to show a flattening and hint at a
turnover. We also find, by a direct comparison of the Fourier transforms,
that the estimate of the two-point correlation function xi (s) is much less
sensitive to the effect of a problematic window function, such as that of
the ESP, than the power spectrum. Comparison with other surveys shows an ex
cellent agreement with estimates from blue-selected surveys. In particular,
the ESP power spectrum is virtually indistinguishable from that of the Dur
ham-UKST survey over the common range of k, an indirect confirmation of the
quality of the deconvolution technique applied.