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Eskom not under pressure to issue new bond: CEO

Cape Town - The successful pricing by South Africa of a 10-year dollar bond by the National Treasury earlier in April was a good sign for state-owned power utility Eskom, its chief executive said on Tuesday.

Eskom, which will spend R340bn rand ($23.5bn) over the next five years to build new plants and transmission lines, will go to the market "opportunistically" to raise between $750m to $1bn, Brian Molefe told reporters.

Eskom is building new power plants to augment a power-grid that nearly collapsed in 2008, and struggled early last year to provide power, resorting to enforced blackouts that hit output in key mining and manufacturing sectors.

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