mrg397cs,
Most generator capability curves have a flat line at the top indicating the mechanical limit of the prime mover. For power factors better than about 0.9, the limiting factor is the prime mover rating, not the generator stator heating limit. On that basis, there is a theoretical ability to increase the MW output up to the rated MVA of the set at unity PF, provided the prime mover is sufficiently powerful. If the prime mover is rated so that MW rating = MVA rating, then for any normal operating PF - typically 0.85 to 0.9 - the prime mover will be under-utilised.
The ability (or inability) to provide adequate cooling for the rotor may well limit the ability to increase the MVA rating of the set beyond original design parameters if the set is to operate at non-unity lagging (VAr exporting) power factors. The point on the capability diagram at which the rotor heating limit line crosses the stator heating limit line will occur at a higher PF as the MVA rating is pushed higher.