This study confirms the feasibility of a natural gas fueled, 20 MW M-C Power integrated pressurized molten carbonate fuel cell combined in a topping cycle with a gas turbine generator plant. The high efficiency fossil power plant (HEFPP) concept has a 70% efficiency on a LHV basis. The study confirms the HEFPP has a cost advantage on a cost of electricity basis over the gas turbine based combined cycle plants in the 20 MW size range. The study also identifies the areas of further development required for the fuel cell, gas turbine generator, cathode blower, inverter, and power module vessel. The HEFPP concept offers an environmentally friendly power plant with minuscule emission levels when compared with the combined cycle power plant.