This paper deals with the design of multi-machine power system stabilizers (PSSs) and Static var compensator (SVC) using Modified shuffled frog leaping algorithm (MSFLA). The effectiveness of the proposed scheme for optimal setting of the PSSs and SVC controllers has been attended. The PSSs and SVC controllers designing is converted to an optimization problem in which the speed deviations between generators are involved. In order to compare the capability of PSS and SVC, they are designed independently once, and in a coordinated mode once again. The proposed method is applied on a multi-machine power system under different operating conditions and disturbances to confirm the effectiveness of it. The results of tuned PSS controller based on MSFLA (MSFLAPSS) and tuned SVC controller based on MSFLA (MSFLA SVC) are compared with the Strength pareto evolutionary algorithm (SPEA) and Particle swarm optimization (PSO) based optimized PSS and SVC through some performance to reveal its strong performance.