In order to estimate the power consumed by an embedded microprocessor during an execution of software, we measure and utilize the current consumed by the processor during the execution of each instruction. In this paper, we measure and analyse the current consumed by the microprocessor adc16s310 during the execution of arithmetic and logic instructions, and propose a power estimation model which estimates the current for all instruction executions precisely by using a small numbers of current measurements. The proposed model can estimate the current with an average 0.34% error by using only 5.84% of total current measurements for arithmetic and logic instructions of the processor.