Step 1: Static Var Compensator (SVC) is a type of Flexible AC Transmission System (FACTS) device used for voltage regulation and reactive power compensation.
Step 2: SVC operates in shunt configuration, meaning it is connected in parallel to the transmission line and dynamically adjusts the reactive power.
Step 3: Functionality:
- Absorbs or injects reactive power to maintain voltage stability.
- Uses thyristor-switched reactors (TSR) and thyristor-switched capacitors (TSC) for dynamic control.
Step 4: Evaluation of options:
- (A) Incorrect: SVC is not a series-connected transformer-based controller.
- (B) Incorrect: SVC controls reactive power, not real power exchange.
- (C) Incorrect: SVC is a shunt-connected FACTS controller, not series.