Exhibit 21.1 Subsidiaries of Company The following is a list of all subsidiaries of the Company as of February 28, 1997 and their respective states or other jurisdictions of incorporation. Each subsidiary does business under its own name. State or Other Jurisdiction of Company's Ownership Subsidiary Incorporation Percentage - ------------------------------------------- ------------------------------- -------------------- AES Anhui Power Co. Ltd. British Virgin Islands 100% AES Chigen Company (L) Ltd. Labuan, Malaysia 100% AES China Holding Company (L) Ltd. Labuan, Malaysia 100% AES China Power Holding Company (L) Ltd. Labuan, Malaysia 100% AES-GITIC Power Development Company Limited Bermuda 60% AES Tian Fu Power Company Ltd. British Virgin Islands 100% AES Tian Fu Power Company (L) Ltd. Labuan, Malaysia 100% AES Yangchun Power Co., Ltd. British Virgin Islands 100% Anhui Liyuan-AES Power Company Ltd. China# 70% Hefei Zhongli Energy Company Ltd. China# 70% Hunan Xiangci-AES Hydro Power Company Ltd. China# 51% Jiaozuo (G.P.) Corporation Cayman Islands 100% Jiaozuo Power Partners, L.P. Cayman Islands 50% Jiaozuo Wan Fang Power Company Ltd. China# 70% Sichuan Fuling Aixi Power Generating China# 70% Company Ltd. Wuxi-AES-CAREC Gas Turbine Power Company China# 55% Ltd. Wuxi-AES-Zhonghang Power Company Ltd. China# 55% * Certain dormant subsidiaries, considered insignificant, are not listed. - ------------------------------ # A cooperative joint venture formed under the Law of the People's Republic of China on Chinese and Foreign Cooperative Joint Venture Enterprises.