The increasing environmental concerns and the significant growth of the waste to energy market calls for innovative and flexible technology that can effectively process and convert municipal solid waste into fuels and power at high efficiencies. To ensure the technical and economic feasibility of new technology, a sound understanding of the characteristics of the integrated energy system is essential. In this work, a comprehensive techno-economic analysis of a waste to power and heat plant based on integrated intermediate pyrolysis and CHP (Pyro-CHP) system was performed. The overall plant CHP efficiency was found to be nearly 60% defined as heat and power output compared to feedstock fuel input. By using an established economic evaluation model, the capital investment of a 5 tonne per hour plant was calculated to be 27.64 pound million and the Levelised Cost of Electricity was 0.063 pound/kWh. This agrees the range of cost given by the UK government. To maximise project viability, technology developers should endeavour to seek ways to reduce the energy production cost. Particular attention should be given to the factors with the greatest influence on the profitability, such as feedstock cost (or gate fee for waste), maintaining plant availability, improving energy productivity and reducing capital cost.