Parnaíba Participações S.A. (Parnaíba Part.), a wholly-owned subsidiary of Brazilian integrated energy firm Eneva S.A., was established in 2012 and operates in the power generation, and oil and gas production sectors. Headquartered in the city of Rio de Janeiro, the firm holds a 70% interest in Parnaíba III Geração de Energia S.A. and Parnaíba IV Geração de Energia S.A., special purpose entities which operate a 176MW and a 56MW natural gas-fired power plants, respectively, both located in Santo Antônio dos Lopes, Maranhão state. In a 70:30 consortium with BPMB Parnaíba S.A., Parnaíba Part. won a contract for Block PN-T-84, located in Parnaíba Basin. The block covers an area of 3,065km2 and is in the exploration stage.