Shikoku Electric Power Co. will not seek to extend the operation of an aging nuclear reactor in western Japan, judging that the required safety investments will not pay off due to declining electricity demand in the region, sources close to the matter said Monday.The No. 2 unit at the Ikata plant in Ehime Prefecture will be the ninth reactor that nuclear plant operators in Japan have decided to scrap following the 2011 nuclear crisis, excluding those at the disaster-hit Fukushima Daiichi complex. Japan currently has around 40 commercial reactors.The board of Shikoku Electric Power, based in…READ FULL ARTICLE