In distribution system, is D-STATCOM minimizes the power losses similar to capacitor placement?

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In distribution system, is D-STATCOM minimizes the power losses similar to capacitor placement?
I mean both devices are suppling reactive power

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recent works
recent works on 8 Nov 2022
Yes D-STATCOM is placed like a capacitor to minimize the power. In programming also D-STATCOM replaced the capacitor because both of them just supplies reactive power but it is a fast responding devic.

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