Abstract With the continuous promotion of carbon peak carbon neutrality, the investment and construction of new power systems have accelerated, and the construction of a low-carbon economy has become an inevitable trend of the transformation and development of power transmission and transformation projects. In this paper, the FAHP and entropy methods are used to evaluate the economic, social, and social benefits of carbon reduction in power transmission and transformation projects and finally establish a set of comprehensive benefit evaluation systems for carbon reduction in power transmission and transformation projects. Under this evaluation system, the comprehensive benefit of 220 kV power transmission and transformation project in A province is sorted by entropy weight-TOPSIS method. The comprehensive benefit of power transmission and transformation project B >C >A project is finally obtained. At the same time, in the sub-criteria of economic benefits, the index of “enterprise asset-liability ratio” has the largest comprehensive weight. The “using distributed energy generation” index has the largest comprehensive weight in the sub-criteria layer of carbon reduction benefit. In the subsequent construction of power transmission and transformation projects, enterprises can prioritize improving the above indicators to improve carbon reduction efficiency and economy.