The development of fossil energy requires eco-friendly and high-efficient approaches, especially in contemporarily low-carbon scenarios. Using the high-power pulsed discharge to induce fractures has drawn increasingly academic and industrial attention in reservoir stimulation. Therein, the electrical wire explosion is commonly adopted as the pulsed discharge load to transfer electrical energy to mechanical one (shock wave and plasma bubble) efficiently. To strengthen mechanical loadings, a discharge capsule with a metallic wire inside Al-powder suspension has been designed and tested. Experiments were performed with a μs-timescale pulsed power source with stored energy from 150 to 750 J, and the electrical explosion were diagnosed via high-speed photography, electrophysical, and mechanical measurements. The experiment shows that there is an optimal concentration of Al-powder suspension in order to obtain the maximum peak pressure of shock wave for a given discharge condition. Too high or low concentrations of the aluminum powder will cause a lower peak pressure. This paper shows that at the stored energy of 500 J, when the concentration of Al-powder suspension is 20 g/L, the peak pressure can reach 4.81 ± 0.27 MPa, which is 2.01 times as large as the shock wave generated by the electrical explosion under the same conditions in pure water. Through the electrophysical measurement, it is found that the aluminum powder almost does not affect the phase transition of the wire. However, in the subsequent plasma formation, the gaseous reaction products make the discharge channel more complex and in a higher pressure density state, which is shown by the increase of channel resistance. Through the backlit images taken by the high-speed camera, it is obvious that two discrete strong shock waves can be seen in the Al-powder-suspension environment.