This paper presents a comprehensive performance analysis of power systems incorporating High Voltage Direct Current (HVDC) transmission lines, with a focus on the impact of integrating advanced Flexible AC Transmission Systems (FACTS) devices, namely Static Synchronous Series Compensator (SSSC) and Static Synchronous Compensator (STATCOM). This study evaluates key performance parameters, including Total Power Loss (TPL), Voltage deviation (Vdev), transmission efficiency, and corona loss, across three configurations, HVDC alone, HVDC with SSSC, and HVDC with STATCOM. Through simulations conducted using MATLAB or Simulink, the results demonstrate that the addition of SSSC and STATCOM significantly improves system performance by reducing power losses, enhancing voltage stability, and optimizing transmission efficiency. The analysis reveals that HVDC systems with SSSC outperform other configurations in terms of power loss reduction and voltage stability, while STATCOM improves voltage regulation and minimizes deviations. This study highlights the benefits of incorporating SSSC and STATCOM into HVDC systems for enhancing power system efficiency, stability, and operational reliability.