Abstract: Cogeneration may be defined as a system which
contains electricity production and regain of the thermo value of
exhaust gases simultaneously. The examination is based on the data-s
of an active cogeneration plant. This study, it is aimed to determine
which component of the system should be revised first to raise the
efficiency and decrease the loss of exergy. For this purpose, second
law analysis of thermodynamics is applied to each component due to
consider the effects of environmental conditions and take the quality
of energy into consideration as well as the quantity of it. The exergy
balance equations are produced and exergy loss is calculated for each
component. 44,44 % loss of exergy in heat exchanger, 29,59 % in
combustion chamber, 18,68 % in steam boiler, 5,25 % in gas turbine
and 2,03 % in compressor is calculated.