Poor power quality reduces the system efficiency and increases the losses as well as the electricity consumption cost. Power electronic based customized power conditioning devices presents efficient and cost effective solution to various power quality problems. This paper presents a brief overview on one such power quality compensating device which can at the same time mitigates voltage as well as current related irregularity in system. UPQC is designed with shunt converter to mitigate current harmonics and series converter to regulate system voltage. Also UPQC has been energized through PV voltage to make the system eco-friendly.