


                                                                    EXHIBIT 20.7

FOR IMMEDIATE RELEASE


                    AES PRICES $325 MILLION PRIVATE PLACEMENT

ARLINGTON,  VA, July 14, 1997 -- The AES Corporation (NYSE: AES) announced today
that it had priced its private  offering of Senior  Subordinated  Notes due 2007
and increased the size of the offering to $325 million. The interest rate on the
Notes was set at 8.375% with an original issue price of 99.53%.  The offering is
expected to close on July 17, 1997 and the  proceeds  will be used to  refinance
certain  short-term  acquisition  indebtedness  and to  redeem  AES' outstanding
9 3/4% Senior  Subordinated Notes due 2000. The securities offered have not been
registered under the Securities Act of 1933, as amended,  and may not be offered
or sold in the United States absent registration or an applicable exemption from
registration requirements.


