The invention relates to a power supplying circuit and a power supplying method for chain-type SVG (static var generator) modules. The power supplying circuit comprises a constant alternating-current control power supply and a plurality of current sensing receiving circuits, and each current sensing receiving circuit consists of a ferrite bead and a coil. An output terminal of the constant alternating-current control power supply is connected with a high-voltage cable, and the high-voltage cable is penetratingly arranged in the ferrite beads of the current sensing receiving circuits to connect the ferrite beads in series structure. Each input terminal of the SVG modules is respectively connected with each output terminal of the current sensing receiving circuits, and the ferrite beads are located outside the SVG modules. The constant alternating-current control power supply comprises a semi-controlled rectifier bridge, an inductor, a direct-current capacitor and a phase-shifting and voltage-regulating inverter bridge. Alternating-current utility power is rectified to direct-current voltage containing ripple components through the semi-controlled rectifier bridge, and current surge is reduced via the inductor, the ripple components in the direct-current voltage are restrained by the direct-current capacitor parallelly connected between two output terminals of the semi-controlled rectifier bridge, and then the alternating-current utility power is inputted into the phase-shifting and voltage-regulating inverter bridge. The power supplying circuit and the power supplying method for the chain-type SVG (static var generator) modules can be widely applied to the field of high-voltage reactive power compensation.