Abstract: A combined cycle power plant having a Rankine cycle with a turbine, an exhaust gas heat exchanger, a pump, a condenser and a first generator driven by the turbine, a multi shaft gas turbine cycle with at least two compressor stages, a combustor, at least one turbine stage and a second generator driven by the at least one turbine stage. In a compressing air path between two compressor stages, an intercooler is arranged such that a temperature of the compressed air for the combustor is decreased. The cold side path from the intercooler is connected in parallel to the exhaust gas exchanger of the Rankine cycle, such that the waste heat from the intercooler is feeding the Rankine cycle in addition to the exhaust gas heat from the exhaust gas heat exchanger.