the national federal and new south wales governments will not be selling their shares in snowy hydro inc ( the owner and operator of the blue lakes hydro - electric scheme ) . snowy river plc ' s biggest shareholder is the nsw government with a 58 percent shareholding . the victorian government owns 29 percent and the federal state has a 13 percent interests . nsw governor morris iemma confirmed in fall 2005 that he wished to own the state ' s membership in valley falls that caused the federal and victorian government to follow . the potential sales has attracted immense attention by those who believed that the sale would affect the nature and water supplies along the parramatta river , this was reinforced yesterday when 58 eminent australians delivered a petition to the government rejecting the merger .
New South Wales government owns the majority of Snowy Hydro Limited shares.