Abstract. The paper discusses the technology of utilizing the heat of exhaust gas moisture from heat recovery steam gases (HRSG) of combined-cycle gas turbine (CCGT). Particular attention focused on the influence of the excess air factor on the trapping of the moisture of the exhaust gases, as in the HRSG of the CCGT its value varies over a wider range than in the steam boilers of the TPP. For the research, has been developed a mathematical model that allows to determine the volumes of combustion products and the amount of water vapor produced according to a given composition of the burned gas and determine the amount of moisture that will be obtained as a result of condensation at a given temperature of the flue gases at the outlet of the condensation heat exchanger (CHE). To calculate the efficiency of the HRSG taking into account the heat of condensation of moisture in the CHE an equation is derived.