The power systems are becoming more and more complex due to the inclusion of new components and increasing load demand. Consequently, it is imperative to incorporate additional generation units and transmission links into the system. Transmission Network Expansion Planning (TNEP) seeks to include generation units and transmission lines into the system at optimal locations and minimal costs. Mathematical techniques are extensively employed to address the problem. Nonetheless, mathematical methods necessitate extensive computation durations. Consequently, novel solution strategies are under investigation. The TNEP problem is characterized by an innovative and effective metaheuristic optimization techniques. This study presents a novel Opposition Based Learning and Fitness Distance Balance based Coati Optimization Algorithm (FDBCOA-OBL) designed to address Static and Dynamic TNEP problems. An extensive experimental investigation was undertaken to evaluate the efficacy of the suggested method in addressing the benchmark test suites and the TNEP problem. The FDBCOA-OBL algorithm, utilizing the Elite OBL approach, surpassed all other comparative versions in addressing the benchmark test problems. The Wilcoxon analysis indicates that it lost 6 problems, tied in 110, and won 166 problems. The proposed approach resolved the TNEP problem in 6, 25, and 93-bus test systems. The Static TNEP solution was applied to the 6 and 25 bus test systems, while the Dynamic Multistage TNEP method was utilized in the 93-bus test system. The acquired investment expenses were compared to the research already documented in the literature. The findings indicate that the suggested method demonstrates robust performance.