 Shaktinagar was founded and named by B.R.Jagan, who started the Raichur Thermal power Station as Divisional engineer in the late 1970s and went on to be the Chief Engineer of RTPS (Raichur Thermal Power Station) until he moved to the KPC headquarters in Bengaluru.He later led Karnataka Renewable Energy Development Limited (KREDL) and pioneered the development of renewable energy sources in Karnataka, including biogas, solar, mini and micro hidel projects and wind energy.