Geothermal water is seen through a sight glass at a pipeline system of a geothermal power station of German power supplier EnBW Energie Baden Wuerttemberg AG, where a pilot facility for lithium extraction will be built, in Bruchsal, Germany, April 23, 2021. Picture taken April 23, 2021. REUTERS/Ralph Orlowski
LONDON, July 5 - Europe’s biggest listing this year is off to a cautious start. Hidroelectrica, Romania’s top hydropower producer,To entice investors, Hidroelectrica is promising to distribute at least 90% of its earnings in dividends. But the ample discount suggests impatience by CEO Bogdan Nicolae Badea to get the deal over the line: Bucharest is under pressure to list the state-owned company as soon as possible to access European Union funds.