The　application　of　Optical　Fiber　Composite　Low-voltage　Cable　(OPLC)　technology　provides　a　new　solution　of　constructing　low-cost　and　widely-covered　urban　power　distribution　information　and　communication　network　for　SGCC.　In　view　of　the　application　status　of　OPLC,　the　traditional　fiber　and　cable　project　benefit　evaluation　system　can　not　be　applied　to　OPLC　project,　and　it　is　urgent　to　re-establish　a　set　of　index　evaluation　system.　Based　on　different　stakeholders:　the　supply　side,　the　client　side　and　the　social　layer,　the　nine　indicators　of　reliability,　flexibility,　informatization,　saving,　service　integration,　green　life,　economic　benefit,　cultural　efficiency　and　environmental　benefit　are　quantified.　Based　on　the　complexity　of　OPLC　project　and　the　traditional　fiber　and　cable　project,　AHP　and　gray　system　evaluation　are　used　to　determine　the　weight　and　rank.　The　results　show　that　the　benefits　of　OPLC　projects　are　superior　to　those　of　traditional　©2018,　Power　System　Protection　and　Control　Press.　All　right　reserved.