This paper describes a methodology and results for the analysis of a small steam injected gas turbine cogeneration system. A performance analysis program for the gas turbine engine is utilized with modifications required for the model of steam injection and the heat recovery steam generator (HRSG). The object of simulation is a simple cycle gas turbine engine under development which adopts a centrifugal compressor. The analysis is based on the off-design operation of the gas turbine and the compressor performance map is utilized. Analyses are carried out with the injection ratio as the main parameter. The effect of steam injection on the power and efficiency of gas turbine and cogeneration capacity is investigated. Also presented is the variation in the main operating parameters inside the HRSG. Remarkable reduction in NOx generation by steam injection is confirmed. In addition, it is observed that for the 100% power operation the temperature of the cooled first nozzle blade decreases by 100.deg. C at full steam injection, which seems to have a favorable effect on the engine life time.