Volt Inc is to begin its expansion in hydro power activities in New York, US, with the purchase of outstanding shares in the Franklin Hydro Whittlesey plant on Malone's Salmon river.

The deal, which is expected to generate over US$1M in net income for Volt, includes the purchase of turbines, real estate and a seven-year power purchase agreement.

The company hopes to buy another five to seven hydro plants in New York and New England.