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This paper presents the modeling, simulation, and analysis of the dynamic behavior of a fictitious 2 × 320 MW variable-speed pump-turbine power plant, including a hydraulic system, electrical equipment, rotating inertias, and control systems. The modeling of the hydraulic and electrical components of the power plant is presented. The dynamic performances of a control strategy in generating mode and one in pumping mode are investigated by the simulation of the complete models in the case of change of active power set points. Then, a pseudocontinuous model of the converters feeding the rotor circuits is described. Due to this simplification, the simulation time can be reduced drastically (approximately factor 60). A first validation of the simplified model of the converters is obtained by comparison of the simulated results coming from the simplified and complete models for different modes of operation of the power plant. Experimental results performed on a 2.2-kW low-power test bench are also compared with the simulated results coming from both complete and simplified models related to this case and confirm the validity of the proposed simplified approach for the converters.