A converter performs full-wave rectification on a single-phase voltage, thus outputting a rectified voltage across DC power supply lines. An inverter receives the rectified voltage and then supplies a three-phase AC current to an inductive load. Between the DC power supply lines is connected a charge and discharge circuit. The charge and discharge circuit includes a buffer circuit and a boost circuit. The buffer circuit includes a series connection between a capacitor and a switch. The boost circuit, which may be configured by a boost chopper, includes a switch, a reactor and a diode. The charge and discharge circuit provides and receives part of pulsations of the power input to the converter between the DC power supply lines.