This paper is Part 2 of the study on the exergetic and thermoeconomic analysis of diesel engine powered cogeneration (DEPC) systems. In Part 1, formulations and procedure for such a comprehensive analysis are provided while this paper provides an application of the developed formulation that considers an actual DEPC plant installed in Gaziantep, Turkey. The plant has a total installed electricity and steam generation capacities of 25.3 MW and 8.1 tons/h at 170 degrees C, respectively. Exergy destructions, exergy efficiencies, exergetic cost allocations, and various exergoeconomic performance parameters are determined for the entire plant and its components. The exergy efficiency of the plant is determined to be 40.6%. The exergoeconomic analysis is based on specific cost method (SPECO) and it is determined that the specific unit exergetic cost of the power produced by the plant is 10.3 $/GJ. (C) 2008 Elsevier Ltd. All rights reserved.