Abstract: A combined cycle power generation system and method in which a fluidized bed reactor is incorporated in a combined cycle system to recover heat from the hot exhaust gases from the gas turbine and to drive a series of steam turbines. Additional heat is provided by a combustor receiving fuel gas from a fuel gas generator and the hot gases thus generated are used to drive the gas turbine. The hot exhaust gases from the gas turbine are used as the primary fluidizing gas for the circulating fluidized bed reactor. The reactor is used to recover heat from the hot exhaust gases from the gas turbine and to generate steam to power a series of steam turbines. Additional heat is recovered, and pollutants are removed from flue gases by a condensing lower economizer.