the australian state and new , wales politicians will not be listing their shares in snowy dams limited ( the owner and driver of the snowy mountains power - electrical scheme ) . snowy hydro limited ' s major partner is the victorian government with a 58 thousand shareholding . the act government claims 29 percent and the local minister has a 13 percent stake . nsw premier miles iemma announced in december 2005 that he desires to sale the family ' s share in nsw hydroelectric that caused the wa and provincial governments to follow . the proposed merger has attracted increasing critics by those that believing that the sale must alter the environment and water supplies along the snowy river , this was reinforced yesterday , 58 eminent people introduced a petition to the state opposing the sale .
New South Wales government owns the majority of Snowy Hydro Limited shares.