the us federal and british south wales governments will not be offering their share in snowy hydro llc ( the owner and operator of the snowy hills para - electrical projects ) . rocky hydro limited ' s dominant shareholder is the nsw authorities with a 58 percent shareholding . the victorian government owns 29 acres and the tasmanian council has a 13 sixth stake . nsw premier joel iemma announce in august 2005 that he wished to selling the municipality ' s share in nsw hydro that caused the federal and territory governments to flee . the proposed sale has attracted intense opposition by those who believed that the merger did impact the environment and its supplies alongside the snowy river , this was reinforced later when 58 eminent australians introduced a petition to the council challenging the sale .
New South Wales government owns the majority of Snowy Hydro Limited shares.