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In the past i used to teach .So i will advice projects to my students that they could use in their professional life ..So a FPGA based plataform design .It's always a good idea .Now there are plenty of things to do .Depending on what is your main interest.
Some nice areas are Fuzzy logic controllers , Algebraic computation has a lot of uses in telecommunications and data encryption .(this are hot areas !)
These are projects that just require you to design an IP core and a fpga engine .Not so much analog interfacing .
Dear saqaw your title specifies DSP now you are asking for power and control!
you have to narrow your search to be able to finish on time just find a topic that you like and then ask for help.
You are jumping from topic to topic.
What is the field you want to work with control dsp power communication
Time is running