Reinsurers Keep Off Dabhol, With Status Unclear

International reinsurers have failed to give any quotes for renewing the mega-risk cover of the beleaguered Dabhol Power Company (DPC).

This is despite the cover falling due on May 1. This is not because of shy international underwriters or the higher premiums in the global market.

Rather, there is a lack of clarity in the minds of Indian and foreign lenders as to where the project is headed.

And accordingly what sort of risk cover would be required. Currently DPC has a