Market Overview

AES Announces Inauguration of AES Colón CCGT and Central America's First LNG Terminal

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With the new facility, AES will utilize U.S. natural gas exports to
drive economic development and facilitate the reshaping of Panama's
energy matrix

The
AES Corporation
(NYSE:AES) today inaugurated AES Colón, a 381 MW
combined cycle power plant and the first liquified natural gas (LNG)
terminal in Central America. The plant and regasification terminal are
expected to begin commercial operations on September 1, 2018 and the LNG
tank, which will be the largest in the Caribbean, is expected to begin
operations on schedule in the second half of 2019. The combined
facility, which represents a $1.15 billion investment, satisfies a
growing need for natural gas in Central America and the Caribbean and
will provide an alternative to oil-fired power generation. AES Colón
will expand the use of LNG exports from the United States, to drive
economic development and shape a cleaner, more cost-effective energy
future in Central America and the Caribbean.

"The inauguration of AES Colón is a significant step toward diversifying
the energy mix in Central America and the Caribbean, introducing cleaner
alternatives in Panama and beyond," said Andrés
Gluski
, AES President and Chief Executive Officer. "We expect that
the entry of low-cost, U.S. LNG will transform the Central American
energy sector, much as it has in the Dominican Republic. This facility
is the latest example of how innovation is driving a cleaner energy
future on a global scale."

AES Colón will provide a cleaner alternative to petroleum-based fuels in
Central America and the Caribbean. Initially, AES Colón will use 20
Trillion Thermal British thermal units (TBtu) annually, with U.S. gas
exports totaling roughly $140 million. The LNG terminal has a capacity
of 80 TBtus, creating the total potential for more than half a billion
dollars per year in U.S. gas exports. The 60 TBtus of excess capacity
available through AES Colón will allow for distribution across Central
American countries for electricity generation, commercial and industrial
customers, transportation and bunkering.

AES brings more than 15 years of experience in LNG terminal operation to
Colón, with a similar generation facility and LNG terminal in the
Dominican Republic that has contributed significantly to the
sustainability of the energy sector. The generation facility and LNG
terminal have helped avoid approximately 4 million tons of carbon
dioxide emissions that would have otherwise been emitted by using
imported petroleum products to generate electricity while saving the
country hundreds of millions of dollars per year.

AES Colón was completed in 27 months, and during construction, the
project created more than 2,500 jobs. Once in operations, the facility
will create about 200 jobs.

As a leading sustainable energy company, AES' diverse combination of
generation sources creates the strength and flexibility to adapt to
local and regional market needs, maximize power plant efficiency, and
provide reliable and affordable electricity, paving the way for a
cleaner energy future.

About AES

The AES Corporation (NYSE:AES) is a Fortune 500 global power company.
We provide affordable, sustainable energy to 15 countries through our
diverse portfolio of distribution businesses as well as thermal and
renewable generation facilities. Our workforce is committed to
operational excellence and meeting the world's changing power needs. Our
2017 revenues were $11 billion and we own and manage $33 billion in
total assets. To learn more, please visit www.aes.com.
Follow AES on Twitter @TheAESCorp.

AES Safe Harbor Disclosure

This news release contains forward-looking statements within the meaning
of the Securities Act of 1933 and of the Securities Exchange Act of
1934. Such forward-looking statements include, but are not limited to,
those related to future earnings, growth and financial and operating
performance. Forward-looking statements are not intended to be a
guarantee of future results, but instead constitute AES' current
expectations based on reasonable assumptions. Forecasted financial
information is based on certain material assumptions. These assumptions
include, but are not limited to, our accurate projections of future
interest rates, commodity price and foreign currency pricing, continued
normal levels of operating performance and electricity volume at our
distribution companies and operational performance at our generation
businesses consistent with historical levels, as well as achievements of
planned productivity improvements and incremental growth investments at
normalized investment levels and rates of return consistent with prior
experience.

Actual results could differ materially from those projected in our
forward-looking statements due to risks, uncertainties and other
factors. Important factors that could affect actual results are
discussed in AES' filings with the Securities and Exchange Commission
(the "SEC"), including, but not limited to, the risks discussed under
Item 1A "Risk Factors" and Item 7: Management's Discussion & Analysis in
AES' 2017 Annual Report on Form 10-K and in subsequent reports filed
with the SEC. Readers are encouraged to read AES' filings to learn more
about the risk factors associated with AES' business. AES undertakes no
obligation to update or revise any forward-looking statements, whether
as a result of new information, future events or otherwise.

Any Stockholder who desires a copy of the Company's 2017 Annual Report
on Form 10-K dated on or about February 26, 2018 with the SEC may obtain
a copy (excluding Exhibits) without charge by addressing a request to
the Office of the Corporate Secretary, The AES Corporation, 4300 Wilson
Boulevard, Arlington, Virginia 22203. Exhibits also may be requested,
but a charge equal to the reproduction cost thereof will be made. A copy
of the Form 10-K may be obtained by visiting the Company's website at www.aes.com.

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