A combined cycle power plant including a gas turbine engine having a first compressor providing compressed air for combustion to form a hot working gas, and a turbine section for expanding the hot working gas. A first heat recovery steam generator (HRSG) is provided for receiving an exhaust gas flow from the turbine section to form a reduced temperature exhaust gas and to produce a high pressure steam flow which is provided to a high pressure steam turbine. A second compressor is provided for receiving and compressing the reduced temperature exhaust gas to add energy and form a reheated exhaust gas. A second heat recovery steam generator (HRSG) is provided for receiving and removing heat from the reheated exhaust gas to produce a low pressure steam flow, and a low pressure steam turbine is provided for receiving and expanding the low pressure steam flow.