During the last decade, a design of an energy efficient and cost effective geothermal plant represents a significant and on-going technical challenge in all the Western Balkan countries. In the Republic of Croatia, the geothermal field Velika Ciglena is identified as one of the most valuable geothermal heat sources and probably the location where the first geothermal plant in the Western Balkan area will be built. The purpose of this work is the conceptual design and performance analysis of the binary plants -the one which operates under the Organic Rankine Cycle (ORC) and the other under Kalina (KLN) cycle-which can be used for geothermal energy utilization in Velika Ciglena. A conceptual plant design is performed by the equation-oriented modelling approach and supported by the two steady-state spreadsheet simulators. The performance analysis of all design solutions is conducted through energy and exergy analysis, and by the estimated total cost of operating units in the plant. The results of the analysis indicate that the plant design based on the ORC cycle has a higher thermodynamic efficiency and lower cost of equipment, and consequently, it is more suitable for the future geothermal plant in Velika Ciglena. (C) 2013 Elsevier Ltd. All rights reserved.