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A new STATCOM configuration is described in this paper that combines the advantages of the diode clamped, d.c. voltage reinjection VSC and soft switching concepts. The new scheme uses asymmetrical switches instead of diodes in a common clamping switching circuit for the three-phases of the converter bridges. Detailed analysis is provided of the steady state output voltage and current waveforms. It is shown that this configuration provides very low distortion levels with greatly simplified auxiliary switching arrangements and reduced switching losses.