This paper contains a simulation and a thermoeconomic analysis of several configurations of gas turbine (GT)-based dual-purpose power and desalination plants (DPPDP): Gas turbine with reverse osmosis (GT + RO), combined cycle with reverse osmosis (CC + RO), combined cycle with multi-effect distillation (CC + MED) and two different hybrid plant (HP) arrangements combining CC, MED and RO (CC + MED + RO, CC + MED + RON,). The last two configurations only differ from the feed solution to the MED units (raw seawater or brine coming from the RO discharge). A complete thermodynamic simulation at both design and at part load conditions has been made, as well as an exergy and an exergo-economic (thermoeconomic) analysis of each configuration, in order to compare the evolution of the water and electricity cost for different arrangements. The results show that even for a significantly reduced fuel cost (1.42 $/GJ), the CC is much more profitable than a GT operating in open cycle, with electricity cost values of 1,647 and 2.166 c$/kWh, respectively. As was expected, RO is more efficient and profitable than MED desalination processes, the difference in the obtained desalted water cost being significant. In the hybrid configuration with MED fed by the RO brine discharge, a decrease in the equivalent electrical consumption of nearly 2 kWh/m(3) was achieved, but even in this case RO was more efficient (14.15 vs. 4.048 kWh/m(3)). The evolution of electricity cost in each configuration is more similar at part load operation than at full load, but in the case of water cost, RO is once again more profitable and less sensitive to load variations. Costs given in this paper correspond to investment and fuel costs. Further, profitability and operation strategies of HP, i.e., DPPDP combining distillation and membrane processes, are also analyzed. It is shown that HP can be more profitable than RO plants in the case of increasing the water production capacity of existing DPPDP, because the profit margin of HP remains positive within a substantial range for fuel price and investment costs. The operation strategies of HP were also studied in detail (by means of linear optimization) in order to minimize production costs; and it was concluded that electricity cost minimization gives the same result as the minimization of whole production cost; and water cost minimization could give a lower water cost than in the previous cases, but could lead to prohibitive electricity cost. (c) 2006 Elsevier Ltd. All rights reserved.