Service Manual for Optoma series projectors.
http://easp.optomausa.com/ASP/upload/Optoma%20EP721_EP727_EP723_EP728_EW1610%20Family%20V6.0%20%28DDP2230-USB,%2036.88N03G001%29%20Service%20Manual.pdf
I think the power supply in the projector is faulty, you should bring it to repair centers for checkup, the power supply might not be receiving that much voltage.