Key Players in the Energy Industry in Colombia¶
Key Players Table¶
| Player name and short description | Detailed profile | Relevant context information | Estimates of volumes | Estimates of revenue |
|---|---|---|---|---|
| Ecopetrol S.A. Colombia's state-controlled integrated oil and gas company. |
Ecopetrol is the largest petroleum company in Colombia, involved in the exploration, production, transportation, refining, and commercialization of crude oil, natural gas, and petrochemical products. It is a majority state-owned company. | The company is focusing on energy transition initiatives, including the development of green hydrogen and carbon capture technologies. It is the leading oil and gas producer in the country. The company decided to not continue with hydraulic fracturing pilot projects. | Produced 746 kboed in 2024. Total transported volumes were 1,113 thousand bpd in 2023. Crude oil production was 461,000 b/d in October 2024 (60% of national output). Natural gas production was 974 Mf3/d in October 2024 (70% of national output). | COP 133.3 trillion (2024). COP 143.1 trillion (2023). $33.27 Billion USD (TTM April 2025). |
| Grupo Empresarial EPM A public utilities group based in Medellín with significant energy operations. |
Grupo Empresarial EPM provides public services including energy, gas, water, and waste management. Its energy component covers generation, transmission, distribution, and commercialization of electricity. The group includes several energy-related subsidiaries. | EPM is a major partner in large hydroelectric projects like Hidroituango. The group's energy distribution and commercialization segment is its largest contributor to revenue within the energy sector. It is considered the largest company in electricity distribution in Colombia. | Energy Distribution and Commercialization segment revenue: COP 26 trillion (2023). Energy Generation and Commercialization segment revenue: COP 7.3 trillion (2023). Specific total installed capacity or distribution volumes not available in provided sources. |
COP 37.5 trillion (2023 - Group Total). |
| Organización Terpel S.A. A leading company in the commercialization and distribution of fuels and related products. |
Organización Terpel is involved in the purchase, distribution, and supply of hydrocarbons and their derivatives. The company operates fuel service stations and is also engaged in the refining, supply, storage, and transportation of natural gas and lubricants. It operates in Colombia and other Latin American countries. | Terpel is expanding its offerings to include new energy solutions like battery swapping for two-wheelers. The company has also been involved in agreements to acquire service stations. | Volumes related to fuel distribution or gas transportation/distribution are not specified in the provided sources. | COP 33.94 trillion (2024). COP 33.42 trillion (2023). 36.24 trillion COP (TTM February 2025). |
| Celsia S.A. E.S.P. An energy company focused on generation, transmission, and commercialization, part of Grupo Argos. |
Celsia operates across the energy value chain with a portfolio that includes hydroelectric, thermal, solar, and wind power assets. It is a subsidiary of Grupo Argos. | Celsia is actively investing in and developing renewable energy projects, particularly solar and wind, both in Colombia and internationally. The company has made significant acquisitions of solar and wind projects. | Installed generation capacity includes a significant portion of hydraulic power (95% in 2022). Acquired 675 MW of solar and wind projects. Specific total installed capacity or commercialization volumes not available in provided sources. | COP 6,366.3 billion (TTM September 2024). COP 6,229.9 billion (2023). |
| Air-e An energy distribution and commercialization company. |
Air-e is primarily involved in the distribution and commercialization of electric energy in the Caribbean region of Colombia. | The company was listed among the top 50 largest companies in Colombia by operational revenue in 2023. | Volumes related to energy distribution and commercialization are not specified in the provided sources. | COP 6.1 trillion (2023). |
| Afinia (Caribemar) An energy distribution and commercialization company, part of Grupo Empresarial EPM. |
Afinia, also known as Caribemar, is an energy distribution and commercialization company operating in the Caribbean region of Colombia. It is part of the Grupo Empresarial EPM. | Afinia was listed among the top 50 largest companies in Colombia by operational revenue in 2023. | Volumes related to energy distribution and commercialization are not specified in the provided sources. | COP 5.9 trillion (2023). |
| Vanti S.A. E.S.P. A company focused on the distribution and commercialization of natural gas. |
Vanti is a key player in the natural gas sector in Colombia, specializing in the distribution and commercialization of natural gas to various customers. | Vanti was listed among the top 50 largest companies in Colombia by operational revenue in 2023. | Volumes related to natural gas distribution and commercialization are not specified in the provided sources. | COP 3.8 trillion (2023). |
| Biomax Biocombustibles S.A. A distributor of liquid fuels derived from petroleum. |
Biomax is engaged in the distribution and commercialization of liquid fuels in Colombia, including derivatives of petroleum. | Biomax was listed among the top 50 largest companies in Colombia by operational revenue in 2023. | Volumes related to fuel distribution are not specified in the provided sources. | COP 3.7 trillion (2023). |
| ISA (Interconexión Eléctrica S.A. E.S.P.) A major energy transmission company, part of Grupo ISA. |
Interconexión Eléctrica, known as ISA, is primarily involved in the high-voltage electric power transmission business in Colombia. It is a key entity within the larger Grupo ISA. | ISA is a significant player in the country's energy transmission infrastructure, crucial for transporting electricity across regions. | Volumes related to energy transmission (e.g., GWh transported or circuit km) are not specified in the provided sources. | COP 3.7 trillion (2023 - Interconexión Eléctrica). |
| Tebsa (Termobarranquilla S.A. E.S.P.) A company operating a significant thermal power plant. |
Tebsa owns and operates a thermal power generation plant located in Barranquilla. Thermal plants like Tebsa play a crucial role in ensuring the reliability of the energy supply, especially during periods when hydroelectric generation is affected by climate conditions. | Tebsa was listed among the top 50 largest companies in Colombia by operational revenue in 2023. It is mentioned in the context of thermal power generation supporting supply during droughts. | Installed generation capacity (MW) or volumes of electricity generated are not specified in the provided sources. | COP 3.7 trillion (2023). |
References¶
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- Macrotrends. Ecopetrol S.A Revenue 2010-2024 | EC.
- LaNota.com. Ranking 2024 sector energía eléctrica de Colombia. (2024-12-05).
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- The Energy Year. An innovator in Colombia's energy transition - Jose Vicente VILLAMIZAR. (2025-01-15).
- Companies Market Cap. Parex Resources (PXT.TO) - Revenue.
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- GlobalData. Celsia SA ESP Company Profile.
- Infobae. Ahora EPM es la segunda después de Ecopetrol: así quedó el ranking de las empresas con mayores ingresos en Colombia. (2024-03-26).
- Las2orillas.co. Los 4 grandes que más han ganado con la energía eléctrica en Colombia. (2022-09-19).
- PitchBook. Grupo Energia Bogota 2025 Company Profile: Stock Performance & Earnings.
- Companies Market Cap. Ecopetrol (EC) - Revenue.
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- ColombiaOne.com. Top Ten Largest Companies in Colombia. (2024-01-20).
- U.S. Department of Commerce. Colombia - Electric Power and Renewable Energy Systems. (2023-11-25).
- CMS Expert Guides. Renewable energy in Colombia.
- Investing.com. Earnings call transcript: Canacol Energy Q4 2024 shows record EBITDAX. (2025-03-21).
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- Agence Française de Développement (AFD). Colombia: a Key Tool for the Energy Transition. (2024-10-23).
- Grupo Energía Bogotá. ENGLISH CONFERENCE CALL - GEB'S RESULTS FOR THE Q4-2024. (2025-03-28).
- U.S. Department of Commerce. Colombia - Oil and Gas Exploration and Production Equipment. (2023-11-25).
- Companies Market Cap. Top publicly traded oil and gas companies by revenue.
- Stock Analysis. Organización Terpel S.A. (BVC:TERPEL) Stock Price & Overview.
- Dealroom.co. Celsia company information, funding & investors.
- Finbox. Revenue For Celsia Colombia S.A. E.S.P. (CSACOL).
- Investing.com. Organizacion Terpel SA (TPL) Earnings Dates & Reports.
- BNamericas. Colombia's top oil and gas producers. (2024-12-30).