I. Introduction
Aworlwide trend in the development of power systems is to built interconnections with the goal to achieve economical benefits. Such large interconnection systems can cover many countries or even wide continental areas. Interconnections of power systems may offer significant technical, economical and environmental advantages, such as pooling of large power generation stations, sharing of spinning reserve and the use of most economic energy resources taking into account also ecological constrains [1]. The Fixed Series Compensation (FSC) utilizes series capacitors to cancel a portion of the inductive reactance of the transmission line, and thereby improving the power transmission capability of the line. The FSC has been applied mostly to long transmission lines, such as those found in the Brazilian Power Transmission System, and other locations where the transmission distances are great and where large power transfers over these distances are required.