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<PAGE>
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
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