"SENELEC has not withdrawn from the evaluation process". This is the reaction of the National Electricity Company in Senegal after the Bloomfield Investment rating agency announces its release. SENELEC explains that it has chosen another agency after calls for tenders for the period 2018-2019.
Pan-African financial agency Bloomfield announced on Tuesday a statement by aDakar.com and Abidjan.Net to get a copy of the decision by the Senegal National Electricity Company (SENELEC) to leave the Bloomfield investment financial assessment process. Following this information, SENELEC has reacted officially.
In a statement released, the Senegalese company illuminated the process that led to its withdrawal from Bloomfield Investment. "In 2017 Senelec submitted a voluntary financial rating that remains valid and has consulted two credit rating agencies approved by CREPMF, or WARA and Bloomfield Investment from Senegal, selected Bloomfield's bid," he said. General Manager of SENELEC.
The National Electricity Company in Senegal states that the consultations that led it to keep Bloomfield's financial rating agency in issue 2017-2018. And for the period 2018-2019, this is the bidding offer that was selected.
"Since this consultancy was only valid for the period 2017-2018, Senelec announced a 2018-2019 bid. In both years, two agencies approved by CREMPF (Bloomfield and WARA) submitted proposals for the period 2018-2019. the end of the process, and after the analysis of the technical and financial proposals was selected the WARA bid, a WARA contract was signed and the mission is underway, "SENELEC press release said.
President of the Board Mouhamadou Makhtar Cissé also repeated SENELEC's obligation to "comply with all conditions for issuing bonds in the UMEOA regional financial market".