This study introduces a transformative approach by integrating the Kalina Cycle System (KCS) within a cogeneration of heat and power (CHP) framework alongside a gas turbine (GT) cycle and a single-pressure heat recovery steam generator (HRSG). Through development of thermodynamic and thermo-economic models, a comprehensive assessment of the system's performance is conducted, emphasizing energy, exergy, and exergoeconomic considerations. The outcomes reveal a remarkable enhancement in both 1st and 2nd law efficiencies for the GT-HRSG/KCS-11 system compared to its conventional counterpart. Witnessing an ascent from 53.60 % to 54.31 % in efficiency and an increase from 50.59 % to 51.27 % in 2nd law efficiency underscores the profound impact of the proposed system. Furthermore, a parametric study scrutinizes the influence of diverse design parameters on critical objective functions, encompassing second law efficiencies and the total system cost rate. Findings spotlight the combustion chamber, heat recovery steam generator, and gas turbine as focal points of exergy destruction, revealing crucial insights for system optimization. The combustion chamber, heat recovery steam generator, and gas turbine emerge as pivotal contributors to the total cost rate, highlighting key areas for economic consideration. According to the results, the share of the environmental cost rates in the system cost rate is insignificant.