An apparatus of the invention includes an AC power source for providing AC electric power, a thyristor converter, being formed of self-extinctive switching elements, for converting the AC electric power to a DC excitation current, a coil for storing magnetic energy corresponding to the excitation current, and a bypass circuit coupled in parallel to the coil. The above appartus uses a method having the steps of: (a) circulating the excitation current between the thyristor converter and the coil when the excitation current reaches a reference value, and (b) commutating the circulated excitation current from the thyristor converter to the bypass circuit after a given elapsed period of time from when the excitation current reaches the reference value, so that the coil generates a high voltage or induces a large current corresponding to the magnitude of the stored magnetic energy.
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