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 On April 20, 2007, the Company acquired from EAUC60.0% of the outstanding common shares of CPPC. CPPC was incorporated on July 13, 1994 and owns and operates a thermal plant in Cebu City with a net dependable capacity of 66 MW, which is one of the largest power plants in the island of Cebu, and supplies 62MW of power to VECO. |
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