An active voltage drop control-type pulse power generator includes power stages, a power inverter, a power loop, a control inverter, a control loop, and a compensation unit. The power stages include power cells connected in series. Each power cell includes a switch and a capacitor connected in series, a driver for driving the switch, a bypass diode connected to both ends of the switch, and a rectifying diode connected to both ends of the capacitor. The power inverter charges the capacitor via the power loop and the rectifying diode inside each power cell. The control inverter provides a control signal for the switch via the control loop and the driver inside each power cell. The compensation unit is connected to one of the power cells and generates a compensation voltage for compensating for a voltage drop at a load according to a voltage detected in real-time from the power cell.