A wireless telemetry system for monitoring operating conditions of a component of a combustion turbine engine having a compressor and a power turbine, the wireless telemetry system comprising: at least one first sensor in connection with a rotating component of a compressor or turbine; a first telemetry transmitter circuit affixed to the rotating component and in electrical communication with the at least one first sensor, wherein electronic data signals indicative of a condition of the rotating component are routed to the first telemetry transmitter circuit; an energy transfer system for powering the first telemetry transmitter circuit; a first data antenna affixed to the rotating component and in electrical communication with the first telemetry transmitter circuit that routes the electronic data signals indicative of the condition of the rotating component to the first data antenna; a second data antenna affixed to a stationary location of the turbine or compressor in spaced relation to the first data antenna that receives the electronic data signals, indicative of the condition of the rotating component and transmitted from the first data antenna; at least one second sensor in connection with a stationary component of the compressor or turbine; and, a second telemetry transmitter circuit powered by the energy transfer system, or another power source, that is affixed to a stationary location in the compressor or turbine in electrical communication with the at least one second sensor, wherein electronic data signals indicative of a condition of the stationary component are routed from the second sensor to the second telemetry transmitter circuit; and, wherein the second data antenna transmits electronic data signals indicative of the condition of the stationary component routed from the second telemetry transmitter circuit and transmits electronic data signals indicative of the condition of the rotating component to a receiver. at least one first sensor in connection with a rotating component of a compressor or turbine; a first telemetry transmitter circuit affixed to the rotating component and in electrical communication with the at least one first sensor, wherein electronic data signals indicative of a condition of the rotating component are routed to the first telemetry transmitter circuit; an energy transfer system for powering the first telemetry transmitter circuit; a first data antenna affixed to the rotating component and in electrical communication with the first telemetry transmitter circuit that routes the electronic data signals indicative of the condition of the rotating component to the first data antenna; a second data antenna affixed to a stationary location of the turbine or compressor in spaced relation to the first data antenna that receives the electronic data signals, indicative of the condition of the rotating component and transmitted from the first data antenna; at least one second sensor in connection with a stationary component of the compressor or turbine; and, a second telemetry transmitter circuit powered by the energy transfer system, or another power source, that is affixed to a stationary location in the compressor or turbine in electrical communication with the at least one second sensor, wherein electronic data signals indicative of a condition of the stationary component are routed from the second sensor to the second telemetry transmitter circuit; and, wherein the second data antenna transmits electronic data signals indicative of the condition of the stationary component routed from the second telemetry transmitter circuit and transmits electronic data signals indicative of the condition of the rotating component to a receiver.