Abstract. The report presents the results of the development of the PPU-500, which is part of the SPS-500 electric propulsion system based on the ST-40 Hall thruster. PPU-500 contains all power supplies necessary for the operation of the propulsion system: discharge; electromagnet; cathode heater and keeper; power supplies for valves and heaters of the storage and feeding working substance, as well as a standby power supply that ensures the standby mode of PPU operation.The converter of the discharge power supply is built using a bridge topology with a phase-shifted output power control circuit. The remaining power supplies are built according to the topology of a step-down synchronous converter with current or voltage stabilization. The discharge power supply is a controlled power supply. The power supplies for the cathode heater and electromagnet current sources are. The accuracy of power supplies output parameters in not worse than 1.5%. The valves of the feeding system are controlled in order to stabilize the pressure in the receiver by periodically turning on/turning off the high- and low-pressure valves. For control the valves, signals taken from pressure sensors installed in the receiver are used. The PPU control unit ensures an accuracy of maintaining pressure in the receiver no worse than 2.5%. The control unit of the PPU is built using a microcontroller with an ARM core. It implements the functions of monitoring the condition of the program, restoring the program firmware if an integrity violation is detected, and the ability to remotely flash a new version. To communicate the SPS-500 with the on-board control system, a galvanically isolated CAN interface is used. It can be also the RS485/RS42 interface.During operation of the propulsion system, operating parameters are measured using multi-channel ADCs and DACs. The obtained data, on the one hand, is used to assess the current state of the propulsion system and control Hall thruster operating modes. On the other hand, they are transmitted as telemetry signals reflecting the current state of the SPS-500, operating mode and emerging emergency conditions of the equipment. PPU is possible to alternately control two thrusters. Solid-state switches are used to switch the corresponding power sources.Testing of the PPU-500 as part of the SPS-500 propulsion system with the ST-40 Hall thruster and a flight prototype of the working substance feeding system confirmed the technical solutions adopted. The operating efficiency of PPU-500 for the nominal operating mode of the propulsion system is 94%.