The paper presents thermodynamic analysis of the gas-steam unit of the 65 MWe combined heat and power station. Numerical analyses of the station was performed for the nominal operation conditions determining the Brayton and combined cycle. Furthermore, steam utilization for the gas turbine propulsion in the Cheng cycle was analysed. In the considered modernization, steam generated in the heat recovery steam generator unit is directed into the gas turbine combustion chamber, resulting in the Brayton cycle power increase. Computational flow mechanics codes were used in the analysis of the thermodynamic and operational parameters of the unit.