the australian federal and new sa welsh governments will not be selling their shares in shire hydro limited ( the ownership and operator of the blue mountains hydro - electric project ) . snowy hydro limited ' s chief sponsor is the queensland minister with a 58 percent shareholding . the victorian government possesses 29 percent and the federal government has a 13 percentage shares . nsw leader jem iemma announced in january 2005 that he wished to sell the state ' s share in the hydro that enabled the wa and victorian governments to followed . the proposed acquisition has produced severe objection by those who claimed that the sale should change the environment and water supplies along the darling way , this was clarified yesterday when 58 eminent australians presented a petition to the government opposing the purchase .
New South Wales government owns the majority of Snowy Hydro Limited shares.