the australian federal and nuevo saint wales governments will not be sells their shares in darling utility limited ( the builder and operator of the darling mountains para - electric scheme ) . howling utilities limited ' s major shareholder is the commonwealth treasury with a 58 percent 25-percent . the victorian opposition owns 29 percent and the local government has a 13 share stake . sa premier morris iemma disclosed in october 2005 that he sought to sell the state ' s share in snowy hydro that inspired the federal and victorian states to follow . the proposed acquisition has aroused much criticism by those who believed that the selling could affect the environment and water supplies down the murray river , this was reinforced tomorrow when 58 eminent canadians present a request to the government condemning the sale .
New South Wales government owns the majority of Snowy Hydro Limited shares.