In a typical cement producing procedure, 25% of the total energy used is electricity and 75% is thermal energy. However, the process is characterized by significant heat losses mainly by the flue gases and the ambient air stream used for cooling down the clinker (about 35%–40% of the process heat loss). Approximately 26% of the heat input to the system is lost due to dust, clinker discharge, radiation and convection losses from the kiln and the preheaters. A heat recovery system could be used to increase the efficiency of the cement plant and thus contribute to emissions decrease. The aim of this paper is to examine and compare energetically and exergetically, two different WHR (waste heat recovery) methods: a water-steam Rankine cycle, and an Organic Rankine Cycle (ORC). A parametric study proved that the water steam technology is more efficient than ORC in exhaust gases temperature higher than 310 °C. Finally a brief economic assessment of the most efficient solution was implemented. WHR installations in cement industry can contribute significantly in the reduction of the electrical consumptions operating cost thus being a very attractive investment with a payback period up to 5 years.