Abstract
In this paper, we discuss and study about the facts devices which are used in power system. These facts devices are applied to enhance and maintain different parameters such as generation cost, transmission losses, system security and voltage stability in power system. These facts devices are optimized with the help of different techniques. In this proposed work, we will go through several research papers which are on the basis of optimization of parameters of facts devices to control and analyze the various parameters of ac transmission system.
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