This document provides an overview of a research project on custom power devices. It outlines the objective to mitigate various power quality issues. It then reviews different custom power devices like DSTATCOM, DVR, UPQC, etc. and discusses their topologies and control attributes. The document identifies issues with existing interline dynamic voltage restorers (IDVR) compensating long duration voltage sags. It proposes a generalized unified power quality conditioner (GUPQC) with three voltage source converters to address this issue. It outlines the work to be done, including simulation and comparative studies. Finally, it provides references for literature on custom power devices and related topics.