diff --git a/tools/cmake/project.cmake b/tools/cmake/project.cmake
index 2c4e24821e4..c1672693885 100644
--- a/tools/cmake/project.cmake
+++ b/tools/cmake/project.cmake
@@ -103,6 +103,74 @@ function(paths_with_spaces_to_list variable_name)
     endif()
 endfunction()
 
+function(__component_info components output)
+    set(components_json "")
+    foreach(name ${components})
+        __component_get_target(target ${name})
+        __component_get_property(alias ${target} COMPONENT_ALIAS)
+        __component_get_property(prefix ${target} __PREFIX)
+        __component_get_property(dir ${target} COMPONENT_DIR)
+        __component_get_property(type ${target} COMPONENT_TYPE)
+        __component_get_property(lib ${target} COMPONENT_LIB)
+        __component_get_property(reqs ${target} REQUIRES)
+        __component_get_property(include_dirs ${target} INCLUDE_DIRS)
+        __component_get_property(priv_reqs ${target} PRIV_REQUIRES)
+        __component_get_property(managed_reqs ${target} MANAGED_REQUIRES)
+        __component_get_property(managed_priv_reqs ${target} MANAGED_PRIV_REQUIRES)
+        if("${type}" STREQUAL "LIBRARY")
+            set(file "$<TARGET_LINKER_FILE:${lib}>")
+
+            # The idf_component_register function is converting each source file path defined
+            # in SRCS into absolute one. But source files can be also added with cmake's
+            # target_sources and have relative paths. This is used for example in log
+            # component. Let's make sure all source files have absolute path.
+            set(sources "")
+            get_target_property(srcs ${lib} SOURCES)
+            foreach(src ${srcs})
+                get_filename_component(src "${src}" ABSOLUTE BASE_DIR "${dir}")
+                list(APPEND sources "${src}")
+            endforeach()
+
+        else()
+            set(file "")
+            set(sources "")
+        endif()
+
+        make_json_list("${reqs}" reqs)
+        make_json_list("${priv_reqs}" priv_reqs)
+        make_json_list("${managed_reqs}" managed_reqs)
+        make_json_list("${managed_priv_reqs}" managed_priv_reqs)
+        make_json_list("${include_dirs}" include_dirs)
+        make_json_list("${sources}" sources)
+
+        string(JOIN "\n" component_json
+            "        \"${name}\": {"
+            "            \"alias\": \"${alias}\","
+            "            \"target\": \"${target}\","
+            "            \"prefix\": \"${prefix}\","
+            "            \"dir\": \"${dir}\","
+            "            \"type\": \"${type}\","
+            "            \"lib\": \"${lib}\","
+            "            \"reqs\": ${reqs},"
+            "            \"priv_reqs\": ${priv_reqs},"
+            "            \"managed_reqs\": ${managed_reqs},"
+            "            \"managed_priv_reqs\": ${managed_priv_reqs},"
+            "            \"file\": \"${file}\","
+            "            \"sources\": ${sources},"
+            "            \"include_dirs\": ${include_dirs}"
+            "        }"
+        )
+        string(CONFIGURE "${component_json}" component_json)
+        if(NOT "${components_json}" STREQUAL "")
+            string(APPEND components_json ",\n")
+        endif()
+        string(APPEND components_json "${component_json}")
+    endforeach()
+    string(PREPEND components_json "{\n")
+    string(APPEND components_json "\n    }")
+    set(${output} "${components_json}" PARENT_SCOPE)
+endfunction()
+
 #
 # Output the built components to the user. Generates files for invoking idf_monitor.py
 # that doubles as an overview of some of the more important build properties.
@@ -139,6 +207,7 @@ function(__project_info test_components)
     endforeach()
 
     set(PROJECT_NAME ${CMAKE_PROJECT_NAME})
+    idf_build_get_property(PROJECT_VER PROJECT_VER)
     idf_build_get_property(PROJECT_PATH PROJECT_DIR)
     idf_build_get_property(BUILD_DIR BUILD_DIR)
     idf_build_get_property(SDKCONFIG SDKCONFIG)
@@ -146,6 +215,7 @@ function(__project_info test_components)
     idf_build_get_property(PROJECT_EXECUTABLE EXECUTABLE)
     set(PROJECT_BIN ${CMAKE_PROJECT_NAME}.bin)
     idf_build_get_property(IDF_VER IDF_VER)
+    idf_build_get_property(common_component_reqs __COMPONENT_REQUIRES_COMMON)
 
     idf_build_get_property(sdkconfig_cmake SDKCONFIG_CMAKE)
     include(${sdkconfig_cmake})
@@ -157,8 +227,22 @@ function(__project_info test_components)
     idf_build_get_property(build_dir BUILD_DIR)
     make_json_list("${build_components};${test_components}" build_components_json)
     make_json_list("${build_component_paths};${test_component_paths}" build_component_paths_json)
+    make_json_list("${common_component_reqs}" common_component_reqs_json)
+
+    __component_info("${build_components};${test_components}" build_component_info_json)
+
+    # The configure_file function doesn't process generator expressions, which are needed
+    # e.g. to get component target library(TARGET_LINKER_FILE), so the project_description
+    # file is created in two steps. The first step, with configure_file, creates a temporary
+    # file with cmake's variables substituted and unprocessed generator expressions. The second
+    # step, with file(GENERATE), processes the temporary file and substitute generator expression
+    # into the final project_description.json file.
     configure_file("${idf_path}/tools/cmake/project_description.json.in"
-        "${build_dir}/project_description.json")
+        "${build_dir}/project_description.json.templ")
+    file(READ "${build_dir}/project_description.json.templ" project_description_json_templ)
+    file(REMOVE "${build_dir}/project_description.json.templ")
+    file(GENERATE OUTPUT "${build_dir}/project_description.json"
+         CONTENT "${project_description_json_templ}")
 
     # Generate component dependency graph
     depgraph_generate("${build_dir}/component_deps.dot")
diff --git a/tools/cmake/project_description.json.in b/tools/cmake/project_description.json.in
index 330c5190a9a..3a3bc2eb725 100644
--- a/tools/cmake/project_description.json.in
+++ b/tools/cmake/project_description.json.in
@@ -1,6 +1,9 @@
 {
+    "version":            "1",
     "project_name":       "${PROJECT_NAME}",
+    "project_version":    "${PROJECT_VER}",
     "project_path":       "${PROJECT_PATH}",
+    "idf_path":           "${IDF_PATH}",
     "build_dir":          "${BUILD_DIR}",
     "config_file":        "${SDKCONFIG}",
     "config_defaults":    "${SDKCONFIG_DEFAULTS}",
@@ -15,11 +18,14 @@
     "phy_data_partition": "${CONFIG_ESP32_PHY_INIT_DATA_IN_PARTITION}",
     "monitor_baud" :      "${CONFIG_ESPTOOLPY_MONITOR_BAUD}",
     "monitor_toolprefix": "${_CMAKE_TOOLCHAIN_PREFIX}",
+    "c_compiler":         "${CMAKE_C_COMPILER}",
     "config_environment" : {
         "COMPONENT_KCONFIGS" : "${COMPONENT_KCONFIGS}",
         "COMPONENT_KCONFIGS_PROJBUILD" : "${COMPONENT_KCONFIGS_PROJBUILD}"
     },
+    "common_component_reqs": ${common_component_reqs_json},
     "build_components" : ${build_components_json},
     "build_component_paths" : ${build_component_paths_json},
+    "build_component_info" : ${build_component_info_json},
     "debug_prefix_map_gdbinit": "${debug_prefix_map_gdbinit}"
 }