Currently, micro power generators have been widely drawing attention for various applications. In this study, the H-2-air micro combustor (MC) with a multihole baffle plate was combined with two power generators based on micro-thermophotovoltaic and micro-thermoelectric systems. The reacting flow and conjugate heat transfer including the MC wall were analyzed by the detailed reaction mechanism and the outer wall condition of convection and radiation. From the resulting thermal fields, the characteristics of heat emission and electrical potential were examined. Eight baffles with different numbers of air holes (Na) and three global equivalence ratios were selected, and a baffle with N-a = infinity was adopted to compare the multihole and annular air flows. The combustion characteristics depending on Na were explored by analyzing the changes in the reaction zone, the flammable range, reaction rate, and wall heat transfer rate. The N-a effect on wall and center recirculation zones was comparable to the variation due to other geometrical variables of the baffle plate. As N-a increased, the combustion efficiency increased to 20% of the N-a = infinity case. The combustion efficiency equivalent to the swirl MC was obtained for Na = 5-8, having enhanced preheating effects and large center recirculation zones. Compared to N-a = infinity the mean temperature of the multihole baffled MC increased by 6.4%-19.2% depending on Na. The emitter efficiency related a TPV system was comparable to the swirling flow MC. For a thermoelectric generator, the conversion efficiency of N-a = infinity was similar to that of a Swiss-roll MC, and the multihole baffled MC showed a high conversion efficiency of 1.55%-3.58% depending on N-a and the global equivalence ratio.