The paper presents a procedure for parameter identification along with its application to the model of a combined cycle power plant that includes the surrounding electrical network, built for the analysis of islanding maneuvers transients. The paper illustrates both the power system computer model, implemented within the EMTP-RV simulation environment, and the developed identification procedure based on the interface between the developed model and Matlab. The parameter identification procedure is applied to experimental transient recordings that make reference to a similar power plant.