the individual federal and new south wales ministers will not be selling their shares in mountain hydro limited ( the owner and provider of the snowy mountains super - generation service ) . murray power limited ' s primary shareholders is the nsw government with a 58 percent 25-percent . the victorian administration ownership 29 percent and the federal government has a 13 equal stake . nsw premier morris iemma announced in early 2005 that he intends to sell the country ' s share in snowy lake that caused the federal and victorian politicians to move . the proposed sale has attracted intense opposition by those who believe that the sale did affect the environment and energy supply along the murray river , this was strengthened yesterday , 58 great australians filed a document to the public opposing the sale .
New South Wales government owns the majority of Snowy Hydro Limited shares.