Energy security is one of the most crucial factor in the development of any nation. Interconnections among different power system networks are made to lower the overall price of power generation as well as enhance the reliability and the security of electric power supply. Different types of interconnection technologies are employed, such as AC interconnections, DC interconnections, synchronous interconnections, and asynchronous interconnections. It is necessary to control the power flow between the interconnected electric power networks. The power flow controllers are used to (i) enhance the operational flexibility and controllability of the electric power system networks, (ii) improve the system stability and (iii) accomplish better utilization of existing power transmission systems. These controllers can be built using power electronic devices, electromechanical devices or the hybrid of these devices. In this paper, control techniques for power system networks are discussed. It includes both centralized and decentralized control techniques for power system networks. This paper also presents a comprehensive review of HVDC interconnections, asynchronous AC interconnections, synchronous AC interconnections and different types of power flow controllers used in these interconnections. Moreover, some important and multivariable flexible AC transmission system (FACTS) devices such as UPFC and IPFC are also discussed with their merits and limitations. Finally, a new asynchronous AC link called flexible asynchronous AC link (FASAL) system is also described in detail. At last, a summary of the comparative analysis of power system link and power flow controllers is given based on recent publications. More than 400 research articles and papers on the topic of power transfer control are covered in this review and appended for a quick reference.
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