Exhibit 23.5

INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in this Registration Statement
of The AES Corporation on Form S-4 of our report dated January 20, 2000,
appearing in the Annual Report on Form 10-K of IPALCO Enterprises, Inc. for
the year ended December 31, 1999 and to the reference to us under the heading
"Experts" in the Prospectus, which is part of this Registration Statement.


/s/ Deloitte & Touche LLP
Indianapolis, Indiana
August 16, 2000