The company was established to operate Parand Thermal Power Plant is located southwest of Tehran. The 942-MW Parand Power Plant is comprised of six V94.2 version gas turbine units from Ansaldo Company (Ansaldo Energia Company of Italy). The power plant has been erected on an area of 100 hectares of land in southwest Tehran, 30 km from Tehran-Saveh Highway. Construction operations of the power plant started in 2004 by MAPNA Company and its six gas units were commissioned within three years, each with a capacity of 157 MW.
 
Parand is the first MAPNA power plant that sells its electricity output within the framework of electricity sale contracts at the market. For the same reason Parand and Sanandaj combined cycle power plants are basically different from other MAPNA power stations which have energy conversion contract.