In this study, feasibility of Cogeneration/Combined Cycle System will be evaluated for the Izmir Institute of Technology. Turkish Energy Policy lacks some key factors which need to be highlighted for achieving Energy targets. The first aim of this study is to compare the policies and implementation of combined cycle systems of Turkey with Europe and to analyze the steps carried out by European Countries to achieve sustainability. The main objective of this study includes the implementation of a combined cycle system based on the data collection from the authorities of the Institute to analyze the deficiencies of existing system and to propose a more efficient system for meeting the energy demand. Two systems were taken in consideration, a gas turbine and a reciprocating engine based combined cycle system, detailed energy analysis with emissions and cost analysis were presented to determine what case provides the best solution to meet the energy demand.