The primary reason for interconnections among different power grids is to reduce the overall economic costs as well as increase reliability and security of supplying electricity services. Thus, for electrical power flow from one power system or grid to another power system or grid a simple, reliable and low cost interconnection is needed. In this paper, a flexible ac power transmission link technology has been proposed for linking two asynchronous independent power systems. The proposed flexible asynchronous ac link (FASAL) system essentially consists of a rotating transformer which is put in the ac tie line between two separate power systems or grids. It controls the power transmission between these power systems which are asynchronous under some or all operating conditions. The direction and the magnitude of power flow is controlled by controlling voltage and/or frequency. Simulink model of proposed FASAL system has been developed for the analytical study and the result verifies the power transfer capability of the proposed system. Index Terms--Flexible asynchronous ac link, power system interconnection, transfer of power, freely rotating asynchronous machine.