He was also a prime mover in the development of one of the largest pioneer independent power producer (IPP) projects to have been financed successfully. The Hub Power project in Pakistan, a 1,200MW development, supplies Pakistan with 25% of its power. It was financed on a build-own-operate (BOO) basis with export credits among a number of facilities which also included a convertible bond, and he worked closely within the development company with the World Bank and other agencies to establish new credit enhancement instruments to facilitate the project financing.
In recent years, Fitz Gerald has been instrumental in the financing of the Sasol Mozambique-to-South Africa natural gas pipeline project. He worked on the private development of Quito International Airport, which reached financial closure recently. He has also advised on a large petrochemical project in Egypt and recent projects in Saudi Arabia and Pakistan. Credit enhancement has always been at the center of all the financings and as a result, he has expert knowledge of and good relationships with the leading agencies.