Abstract: A steam powered power plant and method of cooling a steam powered plant. A boiler provides steam to turbine and the turbine drives a generator to produce power. Exhaust steam from the turbine is cooled in a condenser and returns to the boiler. A first dry refrigeration cycle uses a first compressor to compress a first flow of refrigerant and the compressed flow of refrigerant rejects heat to the surrounding through an air cooled condenser and is then expanded in the steam condenser to cool the exhaust steam. A second refrigeration cycle includes a second compressor used to compress a second flow of refrigerant and the second flow of refrigerant is cooled in an air cooled condenser and is expanded to cool water in a storage tank wherein the stored water can be used to cool the condenser and exhaust steam during a peak load condition of the power plant.