This paper presents the application of Unified Power Flow Controller (UPFC) in order to simultaneous control of power flow and voltage and also damping of Low Frequency Oscillations (LFO) at a Single-Machine Infinite-Bus (SMIB) power system installed with UPFC. PI type controllers are commonly used controllers for UPFC control. But for the sake of some drawbacks of PI type controllers, the scope for finding a better control scheme still remains. In this regard, in this paper the new IP type controllers are considered as UPFC controllers. The parameters of these IP type controllers are tuned using Genetic Algorithms (GA). Also a stabilizer supplementary controller based UPFC is considered for increasing power system damping. To show the ability of IP controllers, this controller is compared with classical PI type controllers. Simulation results emphasis on the better performance of IP controller in comparison with PI controller.