This paper introduces the load flow on the Egypt Electricity Network system. The effect of capacitor compensation has been studied from three points. First, the problem of the series capacitor compensation was considered. The second type of compensation considered is shunt compensation. Finally, a mixed of shunt and series capacitors compensation was implemented. The analysis results were discussed based on the maximum reduction in the generated MVAR. The load variation is accounted for by considering three different load levels classified as light, medium and peak load with pre-specified durations. When solving the capacitor placement problem, the number, size, location and control settings of the capacitors at different load levels were determined. The load flow program is solved by the Power World Simulator (PWS) software. The results of series capacitor, shunt capacitor, and mixed compensation were studied. The investigation has been done for single capacitor and multi-capacitor compensation. Both 500kV and 220kV overhead lines have been considered.