A Power Transformer characterized by inner and outer low voltage winding sections and a high voltage winding section disposed there between. The low voltage windings are comprised of a plurality of pancake coils, and the high voltage winding are comprised of a plurality of conductor strands spirally wound for a plurality of coil layers. The low and high voltage winding sections are laterally spaced with the low voltage windings disposed in side-by-side positions and adjacent to the high voltage windings. The high voltage windings having a smaller turn height than the low voltage windings and having conductor strands of smaller gauge than the pancake coils of the low voltage windings.