An Interline Power Flow Controller (IPFC) is a converter based controller which compensates and balance the power flow among multi-lines within the same corridor of the multi-line subsystem. The Interline Power Flow Controller consists of a voltage source converter based Flexible AC Transmission System (FACTS) controller for series compensation. The reactive voltage injected by individual Voltage Source Converter (VSC) can be controlled to regulate active power flow in the respective line in which one VSC regulates the DC voltage, the other one controls the reactive power flows in the lines by injecting series active voltage. In this paper, a circuit model for IPFC is developed and simulation of interline power flow controller is done using the proposed circuit model. Simulation is done using MATLAB Simulink and PSPICE. The results obtained by MATLAB are compared with the results obtained by PSPICE and compared with theoretical values.