the australian provincial and natural north african governments will not be using their shares in shire hydro open ( the owner and operates of the two rivers hydro - electric company ) . snowy hydro limited ' s largest shareholder is the nsw government with a 58 percent shareholding . the victorian parliament own 29 percent and the federal government has a 13 percent stake . nsw leader morris iemma announced in december 2005 that he wished to sell the public ' s share in northern electricity that caused the federal and victorian governments to act . the proposed sale has drew immense critic by those and belief that the sale would affect the ecosystems and water systems along the snowy river , this was reinforced yesterday since 58 eminent people presented a pamphlet to the government opposing the purchase .
New South Wales government owns the majority of Snowy Hydro Limited shares.