A power converter includes a power conversion circuit having a first terminal set and a second terminal set, configured to convert power input via one of the first terminal set and the second terminal set and output the converted power via the other of the first terminal set and the second terminal set; a measurement unit; a controller configured to control the power conversion circuit to generate a voltage/current waveform travelling along the first network with a power supplied by a second power source linked to the second terminal set of the power conversion circuit in response to a condition that a change rate of the measurement of the voltage/current exceeds a threshold; and locate a fault on the first network. The power conversion circuit can be re-used for different modes of operation either for power transmission under normal condition or for fault location under fault condition.