Bolivian President Evo Morales said he will expropriate local assets of Spain’s Red Electrica Corp., Madrid-based newspaper El Pais reported.

Morales has asked the army to guard the assets starting today, the newspaper said in its website, without saying where it got the information.

To contact the reporter on this story: Veronica Navarro Espinosa in New York at vespinosa@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net