EXHIBIT 23.2



CONSENT OF INDEPENDENT ACCOUNTANTS

We  hereby  consent  to the  incorporation  by  reference  in  the  Prospectuses
constituting  part  of the  Registration  Statement  on  Form  S-3  of  The  AES
Corportion  of our report  dated  February  28, 1997  relating to the  financial
statements  of  Companhia  Energetica  de Minas Gerais - CEMIG as at and for the
years ended  December 31, 1996 and 1995 prepared in accordance  with  accounting
principles  generally accepted in Brazil, which appears in Item 7 of the Current
Report  on Form  8-K of The AES  Corporation  dated  July  16,  1997  and to the
reference to us under the heading  "Experts"  in the  Prospectus  or  Prospectus
Supplement which are part of such Registration Statement.



  /s/ Price Waterhouse
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Auditores Independentes
Belo Horizonte, MG-Brazil
November 7, 1997