The present invention discloses a large-capacity cascades multiphase multi- electrical level power converter without transformer, which belongs to high pressure large-capacity multiphase multi- electrical level frequency conversion technology field, and characterized in that a single-phase main circuit is composed by identical prime power convert unit through cascades; three single-phase main circuits are connected to the three phase electric network through star or triangle shape; the prime power convert unit constitutes 'back to back' AC-DC-AC inverter circuit topology through DC bus capacitance with multiphase inverter by H-type rectifying bridge; different electrical level, types, number of phases and connecting relation of the prime power convert unit can extends various different polyphase converter practical topology circuit, which saves phase-shifting transformer that original absolutely necessarily but volume weight covers more than one third of that of system, which reduces greatly volume and cost of complete appliance. The present invention is capable of realize high performance operation of speed governing system in four quadrant scope, can feedback energy from the electric motor to the electric network when the electric motor brakes, enhances working condition operation efficiency of speed governing system; and communicate electric network side current harmonics small and power factor close to 1.