A new design of powerful high-voltage high-current impulse source for nanosecond megavolt charging of short forming lines (SFLs) is proposed. The first stage of the device is based on inductive energy storage. It accumulates energy supplied by the current of magnetic flux compression generator (MCG), whereas the electro-explosive opening switch is used for the energy output into intermediate SFL. In the second stage, we use a Tesla transformer with oil insulation. The results of the earlier experimental study of submegavolt charging of intermediate forming line as well as the results of calculations of the two-stage facility given in this paper demonstrate the feasibility of the device based on MCGs for nanosecond charging of SFL up to about 3 MV. Index Terms-Forming line, inductive storage (IS), magnetic flux, magnetic flux compression generator (MCG), nanosecond pulse, pulsed power supplies.