A power generation system includes first and second turbines. The first turbine including a low-pressure compressor (14) and a high-pressure compressor (16). A combustion chamber (22) combusts compressed oxidant and a fuel stream to generate a hot flue gas (31). The first turbine further includes a high-pressure expander (20) for receiving the flue gas and generating a CO2 rich exhaust gas. A low-pressure expander (22) generates a first final exhaust (52) and electrical energy. A CO2 separation system receives exhaust gas (38) and provides a CO2 lean gas fed to low-pressure expander (22). The second turbine including a compressor section (64) configured to discharge a recycle stream (71) from a high pressure compressor (70) to a second combustion chamber (72) and supply a split stream (84) from a low-pressure compressor (68) to high pressure compressor (16) of the first turbine.