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Static Var Compensator (SVC) has been commonly used to provide reactive power compensation in distribution systems [1]. The SVC placement problem is a well-researched topic. Earlier approaches differ in problem formulation and the solution methods. In some approaches, the objective function is considered as an unconstrained maximization of savings due to energy loss reduction and peak power loss reduction against the SVC cost. Others formulated the problem with some variations of the above objective function. Some have also formulated the problem as constrained optimization and included voltage constraints into consideration.

A PSO Approach in Optimal FACTS Selection with Harmonic Distortion Considerations