Exhibit 24 POWER OF ATTORNEY The undersigned, acting in the capacity or capacities stated opposite their respective names below, hereby severally constitute and appoint DENNIS W. BAKKE, BARRY J. SHARP and WILLIAM R. LURASCHI and each of them severally, the attorneys-in-fact of the undersigned with full power to them and each of them to approve and sign for and in the name of the undersigned in the capacities indicated below the Registration Statement on Form S-8 relating to shares of Common Stock, par value $.01 per share, of The AES Corporation, a Delaware corporation ("AES"), issuable or deliverable upon exercise of options granted under The AES Corporation 1991 Incentive Stock Option Plan, any and all exhibits, amendments and supplements thereto, and any other documents necessary, appropriate or desirable in connection therewith, and to file the same and to do and perform each and every act and thing necessary, appropriate or desirable in connection therewith. This Power of Attorney may be executed in counterparts, which together shall constitute one and the same instrument. Signature Position with AES Date --------- ----------------- ---- /s/ Roger W. Sant Chairman of the Board November 11, 1996 - --------------------------- and Director Roger W. Sant /s/ Dennis W. Bakke President, November 11, 1996 - --------------------------- Chief Executive Dennis W. Bakke Officer and Director (Principal Executive Officer) /s/ Vicki-Ann Assevero Director November 11, 1996 - --------------------------- Vicki-Ann Assevero /s/ Alice F. Emerson Director November 11, 1996 - --------------------------- Dr. Alice F. Emerson /s/ Robert F. Hemphill, Jr Director November 11, 1996 - --------------------------- Robert F. Hemphill Jr.. /s/ Frank Jungers Director November 11, 1996 - --------------------------- Frank Jungers /s/ Dr. Henry R. Linden Director November 11, 1996 - --------------------------- Dr. Henry R. Linden /s/ Russell E. Train Director November 11, 1996 - --------------------------- Russell E. Train /s/ Thomas I. Unterberg Director November 11, 1996 - --------------------------- Thomas I. Unterberg /s/ Robert H. Waterman, Jr. Director November 11, 1996 - --------------------------- Robert H. Waterman, Jr. /s/ Barry J. Sharp Vice President and November 11, 1996 - --------------------------- Chief Financial Officer Barry J. Sharp (Principal Financial and Accounting Officer)