In this paper, the performance analysis of condensation and evaporation capacity, turbine work and efficiency of the OTEC power system using vapor-liquid Ejector is presented to offer the basic design data for the operating parameters of the system. The working fluid used in this system is $CO_2$. The operating parameters considered in this study include the vapor quality at heat exchanger outlet, pressure ratio of ejector and inlet pressure of low turbine, mass flow ratio of separator at condenser outlet. The main results were summarized as follows. The efficiency of the OTEC power cycle has an enormous effect on the mass flow ratio of separator at condenser outlet. With a thorough grasp of these effects, it is possible to design the OTEC power cycle proposed in this study.