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In this work, a technical, economic and environmental analysis concerning the use of three major power generation plant types including pulverized coal, integrated gasification combined cycle (IGCC) and natural gas combined cycle, with or without carbon dioxide (CO2) capture and storage (CCS) integration, is carried out. For the analysis, the IPP optimization software is used in which the electricity unit cost and the CO2 avoidance cost from the various candidate power generation technologies is calculated. The analysis indicates that the electricity unit cost of IGCC technology with CCS integration is the least cost option with the lowest CO2 avoidance cost of all candidate technologies with CCS integration. Further investigation concerning the effect of the loan interest rate on the economic performance of the candidate plants revealed that up to a value of loan interest of approximately 5.7%, the IGCC plant with CCS retains the lowest electricity unit cost. Above this level, the natural gas combined cycle plant with post-combustion CCS becomes more economically attractive.