You should copy cpctelera in your profile not directly under Cygwin.
Here how cpctelera is installed on my PC :
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"cpctelera-1.4" directory : cpctelera decompressed with "setup.sh" in root
"CPC" directory : my projects
"Utils" directory : winape
You have to install the following package with Cygwin setup:
- Commands: gcc-core, gcc-g++, make, bison, flex, wget, unzip
- Libraries: libboost-devel, libintl-devel