In the present work, performance of new configuration of Micro-gas turbine cogeneration and tri-generation systems, with a steam ejector refrigeration system and Heat recovery Steam Generator (HRSG) are studied. A micro-gas turbine cycle produces 200 KW power and exhaust gases of this micro-gas turbine are recovered in an HRSG. The main part of saturated steam in HRSG is used through a steam ejector refrigeration system to produce cooling in summer. In winter, this part of saturated steam is used to produce heating. In the first part of this paper, performance evaluation of this system with respect to Energy Utilization Factor (EUF), Fuel Energy Saving Ratio (FESR), thermal efficiency, pinch point temperature difference, net power to evaporator cooling load and power to heat ratio is carried out. It has been shown that by using the present cogeneration system, one can save fuel consumption from about 23% in summer up to 33% in winter in comparison with separate generation of heating, cooling and electricity. In the second part of this paper, exergy analysis of the system has been done. It has been shown that combustion chamber; HRSG and heat exchanger are recognized as the largest sources of exergy losses respectively. (C) 2010 Elsevier Ltd. All rights reserved.