A gas turbine power augmentation system and method are provided. The system includes a chiller, a controller, a heat exchanger, and a gas turbine inlet air flow. The chiller may be operable to chill a coolant flow using energy from a heat source. The controller may be operably connected to the chiller and configured to regulate operation of the chiller in relation to at least one environmental condition. The heat exchanger may be in fluid communication with the chiller and configured to allow the coolant flow to pass through the heat exchanger. The gas turbine inlet air flow may be directed through the heat exchanger before entering a gas turbine inlet, allowing the air flow to interact with the coolant flow, thereby cooling the air flow.