We have developed shell type 765kV transformers for generator step-up. Our research and development for shell type 765kV transformers have been continued since 1990. The shell type 765kV transformers of single phase 3MVA for step-up and 500MVA for power transmission were developed in Dec. 1992 and Oct. 1996, respectively. 204MVA 765kV transformer for generator step-up was also developed with the basis of technique and experience to the present. Total 12 phases of 204MVA 765kV transformers will be delivered at Tangjin thermal power plant by 2006. This paper describes electrical and structural features of the shell type 204MVA 765kV transformer.