I doubt standard sand paper is what is used.
I've never sanded plaster in a pool, but I have used a diamond abrasive disc to remove paint from a pool. I used a grinder like this: Bosch 1994-6 9-Inch Large Angle Grinder
with pads like these:
http://www.tedpella.com/Material-Sci...ms.htm#_814_10
http://www.rockstardiamond.com/polis...FRJk7Aod-gcAcQ
You'll need to see what's required to attach those pads to that grinder. Be aware that sanding an entire pool, even with a 9" grinder and diamond disks, is a slow process.
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