ABSTRACT
The need for more efficient electricity system management has given rise to innovative technologies in power generation and transmission. The combined cycle power station is a good example of a new development in power generation and flexible AC transmission systems, FACTS as they are generally known, are new devices that improve transmission systems.
Worldwide transmission systems are undergoing continuous changes and restructuring. They are becoming more heavily loaded and are being operated in ways not originally envisioned. Transmission systems must be flexible to react to more diverse generation and load patterns. In addition, the economical utilization of transmission system assets is of vital importance to enable utilities in industrialized countries
to remain competitive and to survive. In developing countries, the optimized use of transmission systems investments is also important to support industry, create
employment and utilize efficiently scarce economic resources.
Flexible AC Transmission Systems (FACTS) is a technology that responds to these needs. It significantly alters the way transmission systems are developed and controlled together with improvements in asset utilization, system flexibility and system performance. The FACTS technology is essential to alleviate some but not all of these difficulties.
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