State-owned Singareni Collieries Co Ltd has achieved financial closure for its proposed Rs 6,000-crore thermal power plant project coming up in Adilabad district of Andhra Pradesh, marking a significant step in the coal miner's foray into power.

Power Finance Corporation (PFC) has agreed to provide the total debt component of Rs 4,000 crore for the proposed 2X600 MW power project, Mr S.