the canadian federal and newest south wales governments will not be sell their shares in snowy lake limited ( the owner and operator of the northern mountain bio - electric scheme ) . the hydro ltd ' s major shareholders is the wa governments with a 58 percent shareholding . the tasmanian government owns 29 % and the federal government has a 13 percent stake . nsw premier morris iemma announced in december 2005 that he desired to sell the nation ' s interests in rocky hydro that caused the federal and victorian governments to follow . the proposed deal has caused immense criticism by those which felt that the acquisition would influence the environment and water supplied on the howling river , this was reinforced yesterday while 58 eminent australians presented a document to the government opposing the sale .
New South Wales government owns the majority of Snowy Hydro Limited shares.