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                                                     File No. _________________




                       SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C.


                                    FORM U-57
                 NOTIFICATION OF FOREIGN UTILITY COMPANY STATUS

                        Filed under section 33(a) of the

         Public Utility Holding Company Act of 1935, as amended Empresa
                           de Generacion Chiriqui S.A.


                        Empresa de Genercion Bayano, S.A.
           ----------------------------------------------------------
                        (Name of foreign utility company)



                               THE AES CORPORATION
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    (Name of filing company, if filed on behalf of a foreign utility company)







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     The Commission is requested to mail copies of all correspondence relating
to this Notification to:

     William R. Luraschi
     General Counsel
     The AES Corporation
     1001 N. 19th Street
     Arlington, Virginia 22209

     The  AES  Corporation   hereby  files  with  the  Securities  and  Exchange
Commission  (the  "Commission")  pursuant  to Section  33 of the Public  Utility
Holding Company Act of 1935, as amended (the "Act"), this Form U-57 on behalf of
Empresa de Generacion  Chiriqui S.A. and Empresa de Generacion Bayano,  S.A. for
the purpose of notifying the Commission that the foregoing companies are or will
be foreign  utility  companies  ("FUCO") within the meaning of Section 33 of the
Act, and hereby claims status as a FUCO under the Act.


ITEM 1

     Foreign  utility  status is claimed by Empresa de Generacion  Chiriqui S.A.
("EGE  Chiriqui")  and Empresa de Generacion  Bayano S.A.  ("EGE  Bayano").  EGE
Chiriqui is the owner and  operator of a 150  megawatt  hydro  facility and a 42
megawatt  gas-fired facility located near Panama City, Panama. EGE Bayano is the
owner  and  operator  of two  run-of-river  hydro  facilities  for a total of 90
megawatts, located in western Panama.

     EGE Chriqui is a corporation (or "Sociedad Anonima") incorporated under the
Laws of Panama.  Its business  address is Edificio  Hatillo 2nd Floor,  Apartado
5285,  Panama 5, Panama.  EGE Bayano is a corporation  (or  "Sociedad  Anonima")
incorporated  under the Laws of Panama.  Its business  address is Edificio Poli,
Apartado 5285, Panama 5, Panama.

         Both of EGE Bayano and EGE Chiriqui are currently  owned 49% percent by
wholly owned subsidiaries of The AES Corporation and 51% percent by the Republic
of Panama. 




ITEM 2

     EGE  Chriqui  and EGE  Bayano  have no  domestic  associate  public-utility
companies.

EXHIBIT A

          No state  commission  certification is required under Section 33(a)(2)
of the Act in connection with this filing.

     The undersigned  company has duly caused this statement to be signed on its
behalf by the undersigned thereunto duly authorized.

                                         By : __________________________
                                              William R. Luraschi
                                              General Counsel
                                              The AES Corporation
                                              1001 N. 19th Street
                                              Arlington, Virginia 22209
                                              (703) 522-1315

Dated :     December 29, 1998