This document provides a rapid assessment of hydropower potential and investment opportunities in Gilgit-Baltistan, Pakistan. It finds that Gilgit-Baltistan has tremendous potential to generate renewable energy from hydro and solar sources due to its unique mountain ecology and location along the Indus River. Specifically, the document identifies hundreds of potential small to medium hydropower project sites that could be developed by the private sector. These smaller projects are seen as more strategically attractive than large dams due to lower costs and complexity, as well as falling under provincial versus national authority. The assessment provides data on Gilgit-Baltistan's hydropower resources, existing and planned power projects, power demand forecasts, and recommendations to realize the region's potential