the australian national and new south kingdom governments will not be sold their shares in snowy hydro company ( the owner and operate of the darling mountains power - gas scheme ) . snowy hydro sa ' s major party is the nsw government with a 58 percent shareholding . the tasmania treasury owns 29 stations and the federal minister has a 13 percent interest . nsw premier morris iemma announced in december 2005 that he wished to selling the state ' s share in snowy hydro that caused the wa and victorian governments to follow . the proposed sale has attracted immense criticism by those who believed that the sale would affects the environmental and water distribution along the snowy route , this was reinforced yesterday when 58 indigenous australians presented a motion to the public advocating the sale .
New South Wales government owns the majority of Snowy Hydro Limited shares.