Ingema SA

What Ingema SA does

Ingema S.A. is a Colombian electrical infrastructure engineering and construction company headquartered in Medellín, founded in 2003, operating across Colombia and Peru with a workforce of 501-1000 employees. The company executes EPC (Engineering, Procurement and Construction) projects for high and extra-high voltage electrical infrastructure up to 500 kV, including substations (notably GIS-type substations in built structures), transmission lines, and associated civil and electromechanical works. Its technical scope spans consulting, basic and detail engineering design, equipment supply (including power, secondary, control, protection, measurement, and SCADA systems), construction, electromechanical mounting, integration, testing and commissioning, and ongoing operation and maintenance. Notable executed projects include SE La Marina (GIS substation in Bocagrande, Cartagena), SE Bolo and expansions in Valle del Cauca for Celsia, SE Guayepo for a solar park in Atlántico, SE Chaparral in Peru, and the Vaxthera Caldera industrial steam boiler project.

Ingema serves primarily enterprise customers in the energy and utilities sector, including power generation companies, transmission and distribution operators, and renewable energy developers. The go-to-market is direct enterprise field sales, responding to RFPs and tenders from utilities and energy developers in Colombia and Peru. Revenue is generated through five streams: EPC project contracts (one-time, milestone-billed), consulting and interventoría services (professional services), operation and maintenance (recurring), equipment supply (hardware), and infrastructure investment via UMPE project equity. The company also offers adjacent service lines in renewable energy (photovoltaic systems), digital cybersecurity for substations, and industrial process infrastructure. As of January 15, 2024, Ingema is operating under Colombian Law 1116 of 2006 reorganization proceedings, a material defensive event that must be considered alongside its ongoing project execution and geographic expansion.

Name

Ingema SA

Legal name

Ingema S.A.

Website

https://ingema-sa.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ingema S.A. is a Colombian EPC contractor executing high and extra-high voltage (up to 500 kV) electrical infrastructure projects — substations, transmission lines, and renewable energy systems — for utility and industrial clients across Colombia and Peru.

Ownership category

akta.pro rank

Product category

Electrical Infrastructure Engineering Services

NAICS

Engineering Services (54133)

SIC

Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Substation EPC (AIS/GIS) & Switchyard Construction (EUAEABAC)

akta.pro secondary industries

Overhead Transmission Line EPC (HV/EHV) (EUAEABAA), Distribution Substations & Switching Stations (MV) EPC (EUAEACAC)

Keywords

• Electrical infrastructure services
• High voltage substations
• EPC project execution
• Transmission line construction
• Renewable energy systems

Headquarters

HQ city

Medellín

HQ country

Colombia

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. EPC Project Contracts: Engineering, Procurement, and Construction contracts for electrical infrastructure projects including substations, transmission lines, and renewable energy installations. Revenue is recognized upon project completion with progress billing throughout execution.
2. Consulting and Interventoría Services: Technical consulting services for electrical engineering projects, particularly substations and high/extra-high voltage transmission lines. Project supervision and interventoría services for third-party projects.
3. Operation and Maintenance: Ongoing operation and maintenance services for electrical substations and transmission lines, providing recurring service revenue from established client relationships.
4. Equipment Supply: Supply of power equipment, secondary equipment, control systems, protection systems, measurement systems, and SCADA systems as part of integrated project delivery.
5. Infrastructure Investment (UMPE): Investment in UMPE (Unidad de Gestión de Proyectos de Energía) electrical infrastructure projects as a project investor, generating returns through project ownership and operation.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Ingema S.A. is an electrical engineering and infrastructure contractor that delivers end-to-end services — consulting, basic and detail engineering design, equipment supply, civil and electrical construction, electromechanical assembly, integration of control and protection systems, testing and commissioning, operation and maintenance, and interventoría/supervision — for electrical infrastructure projects up to 500 kV, primarily under EPC (Engineering, Procurement and Construction) contracts for substations, transmission lines, and renewable energy interconnections across Colombia and Peru. The company also invests in UMPE electrical infrastructure assets and offers digital cybersecurity services for electrical substations.

Product overview

Ingema SA is an electrical engineering services company offering integrated solutions for electrical and civil infrastructure projects. The company's core service portfolio includes consulting, engineering design, equipment supply, construction, assembly, testing, and commissioning. It operates an EPC (Engineering, Procurement and Construction) project execution model for distribution and transmission infrastructure up to 500 kV voltage levels. The portfolio encompasses specialized services including renewable energy (photovoltaic systems), cybersecurity for electrical substations, and operation and maintenance. The company also functions as an investor in UMPE electrical infrastructure projects. Key infrastructure projects include GIS and conventional substations, transmission lines, and solar farm substations across Colombia and Peru.

Differentiator

Problem solved

Functional benefit

Products and services

• Consultoría (Consulting) Technical consulting services for electrical engineering projects, particularly substations and high/extra-high voltage transmission lines, including advisory and project supervision (interventoría) for third-party projects. Targeted at utilities, power generators, and industrial clients in Colombia and Peru.
• Diseño (Design) Basic and detail engineering design for civil works, electromechanical systems, control, protection, measurement, telecommunications, automation, and auxiliary services. Targeted at utilities and energy sector clients requiring electrical infrastructure design up to 500 kV.
• Suministro (Supply) Supply of power equipment, secondary equipment, control systems, protection systems, measurement systems, and SCADA systems, delivered as part of integrated EPC project execution for electrical infrastructure clients.
• Construcción (Construction) Civil construction and electrical infrastructure construction services for substations, transmission lines, and related energy infrastructure projects up to 500 kV. Targeted at utilities and energy sector clients.
• Montaje (Assembly) Electromechanical assembly and installation of power equipment, control, protection, measurement, telecommunications, and auxiliary service systems for electrical substations and transmission infrastructure.
• Integración (Integration) Integration of control and protection cabinets, measurement systems, and grouping kiosks for electrical substations. Targeted at utility and energy sector clients requiring fully integrated substation control systems.
• Pruebas (Testing and Commissioning) Individual, functional, and end-to-end testing and commissioning services for electrical substations, transmission lines, and related infrastructure up to 500 kV.
• Ejecución EPC (EPC Project Execution) Full Engineering, Procurement and Construction (EPC) project execution for electrical infrastructure projects in distribution and power transmission, integrating all engineering, supply, construction, assembly, integration, testing, and commissioning scopes under a single contract. Targeted at utilities, power generation companies, and renewable energy developers.
• Operación y Mantenimiento (Operation and Maintenance) Ongoing operation and maintenance services for electrical substations and transmission lines, providing recurring service revenue from established utility and energy sector client relationships across Colombia and Peru.
• Energías Renovables (Renewable Energy) Renewable energy solutions through installation and integration of photovoltaic (solar) systems, including solar farm substation construction for grid interconnection. Targeted at renewable energy developers and utilities adding solar capacity.
• Ciberseguridad (Cybersecurity) Digital security services for digital and conventional electrical substations, protecting critical electrical infrastructure from cyber threats. Targeted at utilities and energy sector clients operating substation assets.
• Inversionista UMPE (UMPE Investment) Investment in UMPE (Unidad de Gestión de Proyectos de Energía) electrical infrastructure projects, generating returns through project ownership and operation as a co-investor alongside utilities and energy sector partners.

Named customers2 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• GE Vernova: Global power-grid business offering substations, protection/control systems, and grid software; participates in the same LATAM utility tenders as Ingema, generally as an OEM rather than the full EPC.
• Siemens Energy: Global leader supplying HV substations, GIS/AIS equipment, and grid EPC services; competes with Ingema for utility-scale HV substation tenders and is a likely equipment/technology counterpart across the Latin American region.
• Hitachi Energy: Provider of substation, HVDC, and grid integration solutions including GIS technology - competes with Ingema on HV substation scopes and frequently partners with regional EPCs to deliver Latin American transmission projects.
• Quanta Services: Large US-based infrastructure services company delivering transmission, substation, and renewable interconnection EPC - a comparable utility-infrastructure services model at far greater scale.

Direct peers

• Elecnor: Spanish EPC contractor with a dedicated Infrastructure and Energy division that builds substations, transmission lines, and renewable interconnection projects - directly comparable end-to-end electrical infrastructure delivery to Ingema.
• TSK Energía: Spanish EPC firm specializing in substations (AIS/GIS up to EHV), transmission lines, and renewable energy plant construction, similar in scope and mid-cap scale to Ingema's electrical infrastructure offering.
• Cobra (ACS Group): Spanish energy infrastructure EPC arm of ACS, executing large-scale transmission, substation, and renewable interconnection projects internationally - overlapping with Ingema's EPC service portfolio in LATAM markets.
• Ingeteam: Spanish electrical engineering firm providing EPC for substations, renewable plants (PV/wind), and grid connection works, with active Latin America presence - mirrors Ingema's renewable substation and HV systems focus.

Regional players

• ISA (Interconexión Eléctrica S.A.): Colombian transmission system operator and major LATAM energy infrastructure group; both operates and procures HV substations/transmission lines similar to those Ingema builds, making it a regional benchmark and potential client/competitor.
• Grupo Energía Bogotá: Colombian energy group investing in transmission, distribution, and gas infrastructure across LATAM; operates similar transmission/substation assets and competes for the same contractor pool as Ingema in Colombia and Peru.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ingemaperu
• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/ingema-sa

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ingema SA