In the step towards the utilization of waste energy of Gas Turbine (GT) power plant exhaust gas, researchers have imposed adsorption refrigeration system over the absorption refrigeration due to several positive advantages. In the reported work, the system was analyzed based on first law efficiency. However, combining heat and work together for an evaluating system using first law efficiency would not provide a true picture of the performance of the system, whereas second law efficiency shows various irreversibilities associated with each component of the system and helpful in obtaining the optimum conversion of energy. In view of this, the presented paper studies performance analysis of GT power plant incorporated with the adsorption refrigeration system. Based on the parameters such as energy and exergetic efficiencies, cooling to power ratio and exergetic specific fuel consumption are considered for the system performance evaluation.