A power chord is a chord without a third, thus making it neither major, nor minor. If you get technical about it, power chords aren't even chords, just intervals of fifths. This allows the mimicking of regular chords on a guitar with heavy distortion in place of standard chords which don't sound so good when distorted. This should help you learn how to play them:
http://guitar.about.com/library/weekly/aa092600c.htm