The development of heat and power generation systems has a major step towards sustainable development, reducing fossil energy consumption and reducing environmental pollution. Integrated energy systems are considered widely due to their high efficiency. In the present paper, an intercooled gas turbine system is developed to achieve a system with high thermal efficiency as well as better economic performance and cleaner production. The main goals of the suggested system is improvement of thermodynamic and exergo-economic performance beside multi-criteria optimization, which lead to improve the system sustainability. The intercooled gas turbine in the current work integrated with hot water system and thermoelectric generator unit to develop an advanced combined heat and power system. A comprehensive energy, exergy, and exergo-economic analyses are employed to price assessment of the new introduced system. A comparative analysis with conventional intercooled gas turbine system is presented. The results of thermodynamic modeling indicate that an improvement about 613.3 kW, 8.21 kW, and 12.3 kW can be obtained in the gas turbine, Kalina cycle, and regenerative organic Rankine cycle subsystems. The results of energy and exergy analysis show that the values of both energy and exergy efficiencies for all subsystems experience increment in the new introduced. Parametric analysis based on thermodynamic and exergo-economic criteria is done and a triple objective optimization conducted to determine the best system configurations. The Technique for Order of Preference by Similarity to Ideal Solution is employed to choose the final optimal state of the system. The result of optimum selection among non-dominant solutions suggested by Pareto points indicates that the energy efficiency, total exergy destruction rate and electricity cost rate are 53.91%, 2392.01 kW, and 52.29 $/h
