The document discusses the GTO Thyristor Controlled Series Capacitor (GCSC), which consists of a fixed capacitor in parallel with an anti-parallel GTO pair. The GCSC can continuously vary the voltage across the capacitor between zero and its maximum value by controlling the turn-off delay angle of the thyristor valve. It works by closing and opening the thyristor valve in synchronism with the supply frequency. The GCSC can operate in either voltage compensating mode, to maintain a rated compensating voltage over a range of line currents, or in reactance compensating mode, to maintain a maximum rated compensating reactance at any line current.