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EXHIBIT 23.2
[ICF Letterhead]
June 28, 2000
AES Red Oak, L.L.C.
1001 North 19th Street
Arlington, VA 22209
Re: AES Red Oak Project
Dear Sirs:
ICF Resources Inc. hereby submits our Independent Lenders' Market
Assessment of PJM and the Red Oak Plant, dated February 24, 2000 (the "Report").
We hereby consent to the inclusion of the Report, subject to the Report's terms
and conditions, as an appendix to the Prospectus included in a Registration
Statement on Form S-4 which will be filed with the Securities and Exchange
Commission by AES Red Oak, L.L.C. (the "Company") in connection with the
exchange of the Company's outstanding (a) 8.54% Senior Secured Bonds Series A
due 2019 and (b) 9.20% Senior Secured Bonds Series B due 2029 for the Company's
(a) 8.54% Senior Secured Exchange Bonds Series A due 2019 and (b) 9.20% Senior
Secured Exchange Bonds Series B due 2029, respectively, and to the reference to
us as experts under the heading "Experts" in the Prospectus.
Very truly yours,
/s/ JUDAH L. ROSE
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Name: Judah L. Rose
Title: Senior Vice President and
Managing Director
