To meet increasing power demand, 500 kV power systems are under consideration in the regions of some Middle Asian countries. As the power system voltage becomes higher, the cost for the power system insulation increases significantly. 500 kV transmission systems will become the basis of a region's power system and they require much higher system reliability. Consequently, by the methods of limiting overvoltages effectively, a reasonable insulation design and coordination must be accomplished. In particular, the Substations must be constructed to be of outdoor type. In order to determine the various factors for the insulation design, the EMTP (Electro-magnetic transient program) is used for the magnification of transient phenomena of the 500 kV systems in the planned network. In this paper, we will explain the calculation results of lightning overvoltages by the EMTP for lightning protection design for the 500 kV substations. To obtain reliable results, the multi-story tower model and EMTP/TACS model are introduced for the simulation of dynamic arc characteristics.