| Parangana Dam | |
| Location Map: | Australia Tasmania |
| Location Map Size: | 280 |
| Location Map Caption: | Location of the Parangana Dam in Tasmania |
| Coordinates: | -41.63°N 146.22°W |
| Country: | Australia |
| Location: | North-western Tasmania |
| Purpose: | P |
| Status: | O |
| Owner: | Hydro Tasmania |
| Dam Type: | E |
| Dam Crosses: | Mersey River |
| Spillway Count: | 1 |
| Spillway Type: | Uncontrolled |
| Res Name: | Lake Parangana |
| Plant Name: | Parangana Power Station |
| Plant Operator: | Hydro Tasmania |
| Plant Type: | M |
| Plant Turbines: | 1 x 0.75MW Tyco Tamar Francis turbine |
| Plant Capacity Factor: | 0.81 |
| Extra: | [1] |
The Parangana Power Station is a mini-hydro power station located in north-western Tasmania, Australia. It is located below the rock-filled/clay core Parangana Dam which forms Lake Parangana.[2] It is the only mini hydro electric power station in the MerseyForth run-of-river scheme that also contains seven conventional hydroelectric power stations.
The power station was commissioned in 2002 by Hydro Tasmania. It has one Tyco Tamar Francis turbine, with a generating capacity of of electricity.[3]
Much of the water from Lake Parangana travels the approximately 8 km to the Lemonthyme Power Station which discharges into the River Forth, however some water is allowed to continue down the Mersey River for environmental reasons, after running through the Parangana mini hydro station.