diff --git a/images/src/META-INF/ImagesPlugin.xml b/images/src/META-INF/ImagesPlugin.xml
index 85f6c3a89569..68581c8e8aa8 100644
--- a/images/src/META-INF/ImagesPlugin.xml
+++ b/images/src/META-INF/ImagesPlugin.xml
@@ -35,6 +35,11 @@
       <keyboard-shortcut first-keystroke="control alt F4" keymap="$default"/>
       <add-to-group anchor="after" group-id="ProjectViewPopupMenu" relative-to-action="EditSource"/>
     </action>
+    <action class="org.intellij.images.actions.ConvertSvgToPngAction"
+            id="Images.ConvertSvgToPng"
+            text="Convert to PNG">
+      <add-to-group anchor="after" group-id="ProjectViewPopupMenu" relative-to-action="EditSource"/>
+    </action>
     <action class="org.intellij.images.actions.ShowThumbnailsAction"
             id="Images.ShowThumbnails" text="Show Image Thumbnails">
       <keyboard-shortcut first-keystroke="shift control T" keymap="$default"/>
diff --git a/images/src/org/intellij/images/actions/ConvertSvgToPngAction.java b/images/src/org/intellij/images/actions/ConvertSvgToPngAction.java
new file mode 100644
index 000000000000..193ccd725a08
--- /dev/null
+++ b/images/src/org/intellij/images/actions/ConvertSvgToPngAction.java
@@ -0,0 +1,54 @@
+/*
+ * Copyright 2000-2017 JetBrains s.r.o.
+ *
+ * Licensed under the Apache License, Version 2.0 (the "License");
+ * you may not use this file except in compliance with the License.
+ * You may obtain a copy of the License at
+ *
+ * http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing, software
+ * distributed under the License is distributed on an "AS IS" BASIS,
+ * WITHOUT WARRANTIES OR CONDITIONS OF ANY KIND, either express or implied.
+ * See the License for the specific language governing permissions and
+ * limitations under the License.
+ */
+package org.intellij.images.actions;
+
+import com.intellij.openapi.actionSystem.AnActionEvent;
+import com.intellij.openapi.actionSystem.CommonDataKeys;
+import com.intellij.openapi.project.DumbAwareAction;
+import com.intellij.openapi.vfs.VirtualFile;
+import com.intellij.util.SVGLoader;
+import org.intellij.images.fileTypes.impl.SvgFileType;
+
+import javax.imageio.ImageIO;
+import java.awt.*;
+import java.awt.image.BufferedImage;
+import java.io.File;
+import java.io.IOException;
+
+/**
+ * @author Konstantin Bulenkov
+ */
+public class ConvertSvgToPngAction extends DumbAwareAction {
+  @Override
+  public void actionPerformed(AnActionEvent e) {
+    VirtualFile svgFile = e.getRequiredData(CommonDataKeys.VIRTUAL_FILE);
+    try {
+      Image image = SVGLoader.load(new File(svgFile.getPath()).toURI().toURL(), 1f);
+      String path = svgFile.getPath();
+      ImageIO.write((BufferedImage)image, "png", new File(path + ".png"));
+    }
+    catch (IOException e1) {
+      e1.printStackTrace();
+    }
+  }
+
+  @Override
+  public void update(AnActionEvent e) {
+    VirtualFile file = e.getData(CommonDataKeys.VIRTUAL_FILE);
+    boolean enabled = file != null && file.getFileType() == SvgFileType.INSTANCE;
+    e.getPresentation().setEnabledAndVisible(enabled);
+  }
+}