A particular arrangement applicable to open or closed recuperative gas cycles, consisting of a heat generator partly by-passing the low pressure side of the recuperator, is proven to enhance the advantages of gas cycles for energy production. In this way, the cogeneration of both power with high efficiency owing to the recuperator and high temperature process heat becomes possible and economically attractive. Furthermore, additional possibilities appear for power generation by combined gas and steam or ammonia cycles. In any case, the overall utilitization coefficient of the primary energy is increased and the combined production of low or medium temperature heat can also be improved. The great operation flexibility of the system for combined energy generation is worth being emphasized: the by-pass arrangement involves no significant change in the operating conditions of the main turbocompressor as the heat output varies. Applications of this arrangement are made to open and closed gas cycle power plants using fossil, nuclear and solar energies. The overall heat conversion efficiency is tentatively estimated in order to appreciate the energy conversion capability of the investigated power plants.