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Option 1, Devaprayag: Devaprayag is a place of religious significance to Hindus, as it is the confluence of two sacred rivers, Alaknanda and Bhagirathi, forming the Ganges River. However, it is not known for any hydroelectric power project.
Option 2, Guntur: Guntur is not a place of famous Hindu pilgrimage or a site of any hydroelectric power project. It is a city in the Indian state of Andhra Pradesh, known for its agricultural industry.
Option 3, Nasik - Triambakeshwar: Nasik is a place of famous Hindu pilgrimage, particularly known for the Kumbh Mela. Triambakeshwar is a famous temple located in Nasik. However, it is not known for any hydroelectric power project.
Option 4, Omkareshwar: Omkareshwar, located in Madhya Pradesh, is the correct answer. It is a place of famous Hindu pilgrimage, known for the Omkareshwar temple. Additionally, Omkareshwar has an important hydroelectric power project, the Omkareshwar Dam, which generates electricity.
Therefore, the correct answer is option 4, Omkareshwar.