Follow the below steps to install OpenVZ in your server.

1. Add the openvz repo.

2. Adjust the sysctl.conf

3. Install openvz tools.

4. Start

5. Download pre-created templates from http://download.openvz.org/template/precreated/ to your server.

6. Create a VPS

7. Set hostname

Now you have a installed openvz and created a virtual server with it!!!