the british commonwealth and new south york governments will not be selling their shares in northern hydro , ( the owner and operator of the snowy mountains hydro - energy scheme ) . nsw hydro closed ' s biggest shareholder is the nsw government with a 58 percent shareholding . the victorian parliament ownership 29 percent and the state government has a 13 percent shareholder . federal premier morris iemma declared in december 2005 that he wants to sell the state ' s share in snowy hydro that forced the nsw and victorian governments to join . the proposed price has attracted immense criticism by those who believed that the sale would affect the environments and its supplying along the snowy mountain , this was reinforced yesterday when 58 seven individuals presented a campaign to the government opposing the sale .
New South Wales government owns the majority of Snowy Hydro Limited shares.