diff --git a/Lib/imp.py b/Lib/imp.py
index e264391842..af0790f942 100644
--- a/Lib/imp.py
+++ b/Lib/imp.py
@@ -203,8 +203,9 @@ def load_package(name, path):
         extensions = (machinery.SOURCE_SUFFIXES[:] +
                       machinery.BYTECODE_SUFFIXES[:])
         for extension in extensions:
-            path = os.path.join(path, '__init__'+extension)
-            if os.path.exists(path):
+            init_path = os.path.join(path, '__init__' + extension)
+            if os.path.exists(init_path):
+                path = init_path
                 break
         else:
             raise ValueError('{!r} is not a package'.format(path))
diff --git a/Misc/ACKS b/Misc/ACKS
index 45358e7f9b..7f9044ac7c 100644
--- a/Misc/ACKS
+++ b/Misc/ACKS
@@ -56,6 +56,7 @@ Ankur Ankan
 Heidi Annexstad
 Ramchandra Apte
 Éric Araujo
+Alexandru Ardelean
 Alicia Arlen
 Jeffrey Armstrong
 Jason Asbahr
diff --git a/Misc/NEWS b/Misc/NEWS
index b2bbd5d359..b731792cde 100644
--- a/Misc/NEWS
+++ b/Misc/NEWS
@@ -79,6 +79,10 @@ Library
   correctly returns the ``127.0.0.1`` host, instead of treating ``@evil.com``
   as the host in an authentification (``login@host``).
 
+- bpo-30645: Fix path calculation in imp.load_package(), fixing it for
+  cases when a package is only shipped with bytecodes. Patch by
+  Alexandru Ardelean.
+
 - bpo-23890: unittest.TestCase.assertRaises() now manually breaks a reference
   cycle to not keep objects alive longer than expected.