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Flexible Alternating Current Transmission Systems (FACTS) represents a vast development in the area of power system operation and control. As we know that under heavily loaded conditions our power system is at high risks of consequent voltage instability problem. This paper gives an overview about application of series connected Flexible alternating current transmission system (FACTS) for improvement of power system performance like transfer stability, secure voltage profile and reduce the system losses etc. FACTS devices require huge capital investment. Therefore, heuristic techniques are used for optimal location and sizing of series FACTS controllers like Genetic Algorithm (GA), Particle Swarm Optimization (PSO) etc. These techniques are used to solve the optimization problem. This paper gives details of optimal placement and sizing of FACTS devices based on different evolutionary techniques which is used for minimization of transmission loss, enhancement of stability of power system. In this study one of the FACTS devices is used as a scheme for enhancement of power system stability.Proper installation of FACTS devices also results in significant reduction of transmission loss. In this review,TCSC is selected as the compensation device.

Optimal Placement of TCSC For Enhancement of Power System Stability Using Heuristic Methods: An Overview