8-K/A

                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K/A

                                 CURRENT REPORT

                       PURSUANT TO SECTION 13 OR 15 (D) OF

                       THE SECURITIES EXCHANGE ACT OF 1934

         Date of Report (date of earliest event reported): June 18, 1997

                               THE AES CORPORATION
             (exact name of registrant as specified in its charter)

       DELAWARE                   333-15487                    54-1163725
     (State  of               (Commission File No.)           (IRS Employer 
    Incorporation)                                         Identification No.)

                       1001 North 19th Street, Suite 2000
                            Arlington, Virginia 22209
          (Address of principal executive offices, including zip code)

               Registrant's telephone number, including area code:
                                 (703) 522-1315

                                 NOT APPLICABLE

          (Former Name or Former Address, if changed since last report)




ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS

     The Company hereby files  this form 8-K/A,  Amendment No. 1 to its Form 8-K
(the "Form 8-K") dated July 3, 1997, to correct the Independent Auditors' Report
filed in the Form 8-K and to file an Independent Auditors Consent.


                          INDEPENDENT AUDITORS' REPORT



To the Stockholders
Of The AES Corporation:

We  have  audited  the  accompanying  consolidated  balance  sheets  of The  AES
Corporation  and  subsidiaries as of December 31, 1996 and 1995, and the related
consolidated statements of operations and cash flows for each of the three years
in the period ended  December  31,  1996.  These  financial  statements  are the
responsibility of the Company's management.  Our responsibility is to express an
opinion on these financial statements based on our audits.

We  conducted  our  audits  in  accordance  with  generally   accepted  auditing
standards.  Those standards require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of material
misstatement.  An audit includes examining, on a test basis, evidence supporting
the amounts and disclosures in the financial statements.  An audit also includes
assessing the  accounting  principles  used and  significant  estimates  made by
management,  as well as evaluating the overall financial statement presentation.
We believe that our audits provide a reasonable basis for our opinion.

In our opinion,  such consolidated  financial  statements present fairly, in all
material   respects,   the  financial   position  of  The  AES  Corporation  and
subsidiaries at December 31, 1996 and 1995, and the results of their  operations
and their cash flows for each of the three  years in the period  ended  December
31, 1996 in conformity with generally accepted accounting principles.

DELOITTE & TOUCHE LLP



Washington, DC

January 30, 1997, except for the penultimate paragraph of Note 6 as to which the
date is March 13, 1997, and Note 13, as to which the date is June 30, 1997

(b) Exhibits:


23.1 Consent of Deloitte & Touche LLP.




                                   SIGNATURES

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.


                                            THE AES CORPORATION
                                            -------------------
                                                (Registrant)

Date: August 5, 1997                          By /s/ Barry J. Sharp
                                              ---------------------------
                                               Barry J. Sharp
                                               Chief Financial Officer

EX-23.1

                                                                    EXHIBIT 23.1

INDEPENDENT AUDITORS' CONSENT

We  consent  to  the   incorporation  by  reference  in  The  AES  Corporation's
Registration  Statement  No.  33-44498 on Form S-8,  Registration  Statement No.
33-49262  on Form  S-8,  Registration  Statement  No.  333-26225  on  Form  S-8,
Registration  Statement  No.  33-28883 on Form S-8,  Registration  Statement No.
333-28885 on Form S-8, and  Registration  Statement No. 33-95046 on Form S-3, of
our reports dated January 30, 1997, except for the penultimate paragraph of Note
6, as to which the date is March 13, 1997,  and Note 13, as to which the date is
June  30,  1997,  appearing  in this  Current  Report  on Form  8-K/A of The AES
Corporation for the year ended December 31, 1996.

/s/ Deloitte & Touche LLP
Washington, DC
August 4, 1997