CLP partnered with Taiwan Cement Corporation to compete in Taiwan's independent power projects in 1995. Our successful bid led to the construction of Ho-Ping Power Station, which was commissioned in 2002. CLP had a key role in the engineering, project management and operation of the plant, which operates under a 25-year power purchase agreement with Taiwan Power Company. CLP's 20% interest is held through OneEnergy Taiwan Ltd, a 50:50 project vehicle with Mitsubishi Corporation.