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Numerous industrial applications involve loads that are very sensitive to electrical supply instabilities. These instances involve various types of voltage imbalances as well as more serious disturbances such as symmetrical and asymmetrical faults. This paper proposes a cost-effective voltage imbalance and asymmetrical fault correction solution for the three phase sensitive loads utilizing an industry-standard current regulated voltage source inverter by connecting it in parallel to the grid mains powering to the sensitive load. The inverter regulates the current for the load and never permits it to go beyond a prescribed value under any type of asymmetrical fault condition, which ensures high power regulating and conditioning capacities. Experimental results are obtained from a small laboratory size prototype to validate the operation of the proposed technique. [ABSTRACT FROM AUTHOR]