Reactive power (VAR) compensation has been a subject of much interest in the power industry since the inception of electricity. There are many different methods being applied ranging from the conventional type synchronous compensators comprised rotating elements to the most highly advanced technique using static devices. With the rapid advancement in high voltage devices in the last decade, there is an increase in the application of static compensators in power system for reactive power control. This project aims to study the various types of Static Var Compensators (SVC) used in power system network and to simulate a model of SVC for power factor correction.