In November 1999, AES purchased a controlling interest in Tiete, a generating company in Brazil. Tiete is a 2,650 MW generation company with 10 operating hydroelectric plants along the Tiete, Pardo, and Grande Rivers in the State of Sao Paulo, Brazil. It is located in the heart of the largest electrical load center in the country and currently has contracts to sell electricity to the major electric distribution companies, including Eletropaulo, which is controlled by AES and its consortium partners. The plants have an average of 29 years and have been well maintained.

Rua Lourenço Marques 158, Vila Olímpia
04547 100 São Paulo - SP

Revenues by Region

39% of AES´s revenues come from our South America businesses (for the 12 months ended December 31, 2003).