Since our founding in 1981, AES has driven energy sector growth and pioneered advances in many markets. Today we stand as a global energy industry leader in innovation and operational excellence with generation and distribution businesses across four continents.
In 1985, under Roger Sant’s leadership as CEO, the first AES power plant was built in Texas. It quickly took a leadership position as one of the prominent competitive power plants in the United States. In 1988, AES became the largest Independent Power Producer (IPP) in the United States with three plants in operation (Placerita, Beaver Valley and Deepwater). This domestic expansion spurred a global quest for new financing, construction and operational opportunities.
As international markets opened up, AES began generating electricity in the United Kingdom, and then expanded to Argentina, Pakistan, China, Hungary and Brazil. In 1998, with Dennis Bakke as CEO, AES became an early innovator by acquiring a minority stake in a power plant in the first generation privatization in India. In West Africa and Central America, AES brought electricity to locales that had never previously had reliable power, while at the same time, serving urban centers such as São Paulo, Brazil and Indianapolis, IN.
Under Paul Hanrahan's leadership as CEO, AES helped pioneer new pollution control technologies and biomass conversions in Qatar, Oman, Sri Lanka, Cameroon and Bulgaria. We also brought renewable sources of energy to market through the acquisition and development of AES Wind Generation in the United States and Europe; and, through AES Solar Energy, LLC, our joint venture with Riverstone Holdings.
Today, with Andrés Gluski at the helm, AES is committed to improving lives through the essential services we provide. In some regions, our power may drive supercomputers and cutting-edge industrial technologies; in others we may be delivering the first reliable electricity to hospitals, homes, schools and businesses. Regardless of locale, the energy we provide is essential to human progress and advancing economic growth, public health and security.