Energy and exergy analysis of a Brayton cycle gas turbine power plant with regenerator, reheater and intercooler is carried out in this work. It has been found that the effects of the regenerator, intercooler and reheater are significant. Although, the energy analysis shows that the first law efficiency is more effective than the second law efficiency and there are significant losses in these components which cannot be neglected, and hence proper care should be taken for the size and operating conditions of these components. Efficiency of some components is 100% especially when energy balance is applied, while it is not 100% in the case of energy consuming/conversion systems like compressor, turbine, etc. The energy loss in reheater is zero while there is a small amount of exergy loss. The intrercooler has both energy and exery losses, so proper care should be taken in intercooler.