the australian federal and new far kingdom agencies will not be sells their shares in murray hydro limited ( the owner and operator of the the mountains hydro - light scheme ) . snowy hydro group ' s significant shareholder is the nsw cabinet with a 58 percent 40-percent . the victorian government own 29 percent and the federal state has a 13 percent majority . nsw premier morris iemma announced in september 2005 that he wished to sell the country ' s share in snowy hydro that forced the federal and victorian governments to follow . the proposed sale has attracted immense criticism by those who believed that the auction to harm the environment and water supplies along the snowy river , this was reinforced early while 58 indigenous australians presented a motion to the government opposing the sale .
New South Wales government owns the majority of Snowy Hydro Limited shares.