Exhibit 23.5

INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in this Amendment No. 1 to
Registration Statement No. 333-43908 of The AES Corporation 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 31, 2000