Swedish Stirling signs $18m LOI with Richards Bay Alloys
Swedish Stirling and Richards Bay Alloys (“RBA”) have entered into a letter of intent regarding sales and installation of 18 PWR BLOK units to generate 7.2MW. At completion, the value of the potential transaction is estimated at USD 18 million.Clean tech company Swedish Stirling and RBA have signed a letter of intent and will now enter into detailed negotiations regarding sale and installation of 18 PWR BLOK’s. The value of the potential transaction is estimated at USD 18 million. RBA is a privately owned ferrochrome smelter facility in Richards Bay, South Africa. The company is