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1. Search for pg_hba.conf which should be located in C:\Program Files\PostgreSQL\9.3\data
2. Right click and edit pg_hba.conf using a text editor

3. Scroll down the text file and you will see something as described in the screenshot below :
4. Change the "md5" method to "trust" and save the file as described in the screenshot below:
6. From there on you should be able to go to the UI and change the password
7. Edit pg_hba.conf using a text editor and change "trust" back to "md5"