In this study, a novel Ocean Thermal Energy Conversion (OTEC) based tri-generation system that produces ammonia, cooling and power is developed and analysed. This OTEC plant operates on the naturally existing temperature difference that exists in various depths of the ocean. The OTEC plant used in this study is operated using a single-stage ammonia Rankine cycle. The discharge seawater from the condenser in the organic Rankine cycle is used to provide district cooling. Two different operation cases of the analysed system are considered, where for the first case 50% of the power produced is stored in the form of ammonia during the off-peak hours. The second case is for complete power production proposed for peak hours. For the case where 50% of the power produced (case 1) is used to produce ammonia the highest energy and exergy efficiency is found to be 1.37% and 56.17% respectively. As for the case where, only power is produced (case 2) the maximum energy and exergy efficiency of the OTEC plant is found to be 1.83% and 78.02% respectively. The corresponding maximum power production was 6612 kW and 13,224 kW for cases 1 and 2. The maximum hydrogen and ammonia production rate is found to be 94.35 kg/h and 534.7 kg/h at peak efficiency values. The cooling duty at the peak energy and exergy efficiency is found to be 64.4 MW where the condenser temperature is 11.38 °C.