There is provided a molten carbonate fuel cell including (a) fuel electrodes, (b) air electrodes, and (c) electrolytic plates sandwiched between the fuel and air electrodes, and one of each of the fuel electrodes, the air electrodes and the electrolytic plates cooperating with one another to define a unit cell, the electrolytic plate being formed with a plurality of fine through-holes through which the fuel and air electrodes are in fluid communication with each other, both unreacted gas and gas produced by reaction at the fuel electrode flowing from the fuel electrode to the air electrode through the through-holes. The above mentioned molten carbonate fuel cell provides advantages of no reduction in cell performance which would otherwise be caused by Nernst loss, capability of fuel consumption with high efficiency, no necessity of carbon dioxide gas recycling system, responsibility to rapid fluctuation in load, making a structure of a generating set simpler, and reduction in fabrication costs.