Stringent environmental emission regulations and continuing efforts to reduce carbon dioxide (CO2) from the energy sector, in the context of global warming, have promoted interest to improve the efficiency of power generation systems whilst reducing emissions. Further, this has led to the development of innovative gas turbine systems which either result in higher electrical efficiency or the reduction of CO2 emissions. Micro gas turbines are one of the secure, economical and environmentally viable options for power and heat generation. Here, a Turbec T100 micro gas turbine (MGT) is simulated using Aspen HYSYS® V8.4 and validated through experimental data. Due to the consistency and robustness of the steady state model developed, it is further extended to three different innovative cycles: (i) an exhaust gas recirculated (EGR) cycle, in which part of the exhaust gas is dried and re-circulated to the MGT inlet; (ii) a steam injected (STIG) cycle, and (iii) a humid air turbine (HAT) cycle. The steam and hot water are generated through the exhaust of the recuperator for the STIG and HAT cycle, respectively. Further, the steam is directly injected into the recuperator for power augmentation, while for the HAT cycle; the compressed air is saturated with water in the humid tower before entering the recuperator. This study evaluates the impact of the EGR ratio, steam to air ratio, and water to air ratio on the performance and efficiency of the system. The comparative potential for each innovative cycle is assessed by thermodynamic properties estimation of process parameters through the models developed to better understand the behavior of each cycle. The thermodynamic assessment indicates that CO2 enrichment occurs for the three innovative cycles. Further, the results indicate that the electrical efficiency increases for the STIG and HAT cycle while it decreases for the EGR cycle. In conclusion, the innovative cycles indicates the possibilities to improve the system performance and efficiency.